Business & Finance
Business and Finance
Business and Finance
Tue, February 24, 2009
Mon, February 23, 2009 CBL & Associates Properties Announces Executive Promotions
CHATTANOOGA, Tenn.--([ BUSINESS WIRE ])--CBL & Associates Properties, Inc. (NYSE: CBL) today announced the promotions of Alan Lebovitz to Senior Vice President – Asset Management, Maggie Carrington to Vice President – Human Resources and Katie Reinsmidt to Vice President – Corporate Communications and Investor Relations.
Commenting on the promotions, CBL's President, Stephen Lebovitz said, "These individuals have established themselves as leaders within CBL in their respective fields and within the shopping center industry. We are pleased to recognize their accomplishments and significant contributions to the Company with these promotions."
Alan Lebovitz joined CBL in 1995 and most recently served as Vice President – Asset Management. He is responsible for strategic planning and growth initiatives for the Company's portfolio of 87 market dominant regional malls and open-air centers. Mr. Lebovitz also oversees the Company's third party management arm and the corporate relations division. During Alan's nearly fifteen year career at CBL he has held positions in property management, development and leasing. His previous work experience includes real estate asset management training with Goldman, Sachs & Co. in New York as well as retail demographic analysis in Chicago, Illinois. Alan is the immediate past president of the B'nai Zion Congregation, a Leadership Chattanooga alum and is a member of the Board of the United Way of Greater Chattanooga.
Lebovitz added, "Alan is responsible for identifying and unlocking the significant value that is embedded within our existing property portfolio. His creative ideas and unique ability to cohesively mobilize each department in the organization towards a collective goal has garnered considerable quantifiable results. We are pleased to welcome Alan to CBL's executive management team."
Maggie Carrington joined CBL in February 1999 as Director of Human Resources. She is responsible for managing the Company's employee programs including development and training, education and other key human resource initiatives for home office, regional offices and field employees. Ms. Carrington began her more than twenty year career in human resources in 1986 as a human resources manager for Cerion, Inc. and just prior to joining CBL served as human resources manager with the Chattanooga Group, Inc. Maggie has achieved Senior Professional in Human Resources (SPHR) certification. She serves on the Board of WTCI and is a past chair of the Tennessee Safety & Health Council.
Commenting on the promotion of Ms. Carrington, Lebovitz added, "Maggie is truly a professional. Her commitment to excellence and organizational development is evident in her work. She continually seeks out ways to bring new educational opportunities to CBL's employees and to enhance and improve the working environment. We are pleased to recognize her growth within CBL."
Katie Reinsmidt most recently held the position of Director of Corporate Communications and Investor Relations for CBL. She oversees all investor and financial communication efforts as well as corporate media relations. Prior to joining CBL, Ms. Reinsmidt was an Associate Analyst for A.G. Edwards & Sons at its corporate headquarters in St. Louis, MO, where she provided research coverage for retail, healthcare and lodging REITs. Ms. Reinsmidt also serves as a trustee on the City of Chattanooga Pension Board.
Commenting on the promotion of Ms. Reinsmidt, Lebovitz added, "CBL's investor relations and communications program has shown strong growth and increasing transparency under Katie's direction. Her knowledge of the organization and her in-depth understanding of CBL's financials make her a vital source of information for the investment community. We are confident that Katie will continue to distinguish herself as an important member of the CBL team."
About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 158 properties, including 87 regional malls/open-air centers. The properties are located in 27 states and total 85.8 million square feet including 2.2 million square feet of non-owned shopping centers managed for third parties. CBL currently has seven projects under construction totaling 2.9 million square feet including Settlers Ridge in Pittsburgh, PA; The Pavilion at Port Orange in Port Orange, FL; Hammock Landing in West Melbourne, FL; The Promenade in D'Iberville, MS; two lifestyle/associated centers and one expansion. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. Additional information can be found at [ cblproperties.com ].
