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Matthew Bucksbaum Retires

General Growth Properties Inc. said Tuesday that founder and Chairman Matthew Bucksbaum will retire and be succeeded by Chief Executive John Bucksbaum.

In a filing with the Securities and Exchange Commission, the company said Matthew Bucksbaum has been chairman of the Chicago-based real-estate investment trust for more than 12 years.

He will continue to serve as a director and as chairman emeritus.

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