General Growth Properties announced its new board. And, as reported last week, the Bucksbaum family is not on it.
Bruce Flatt will serve as the chair of the new board. Flatt is currently CEO of Brookfield Asset Management Inc. Another notable name is Adam Metz, the CEO that has led GGP through its restructuring and who plans to stay on board for for at least one more year after the restructuring is completed. In addition, Mary Lou Fiala will be on the board. Fiala is the former president and COO of shopping center REIT Regency Centers.
The full board is below.
# Ric Clark – Chief Executive Officer of Brookfield Properties# Mary Lou Fiala – Former Chairman and current member of the Board of Trustees of International Council of Shopping Centers (ICSC); Member of the Board of Directors at Macquarie Global Growth Trust; Member of the Board of Directors at Build-A-Bear Workshop; Member of the Board of Directors at Flat Out Crazy, an Asian restaurant; Former President and Chief Operating Officer of Regency Centers Corporation
# Bruce Flatt – Senior Managing Partner and Chief Executive Officer of Brookfield Asset Management
# John Haley – Current member of GGP's Board of Directors; Retired Partner, Transaction Advisory Services (TAS) at Ernst & Young LLP
# Cyrus Madon –Senior Managing Partner at Brookfield Asset Management responsible for restructuring and lending activities
# Adam Metz – Chief Executive Officer of General Growth Properties, Inc.
# David Neithercut – President and Chief Executive Officer and a member of the Board of Trustees of Equity Residential, one of the nation's largest REITs as measured by equity market capitalization
# Sheli Rosenberg – Currently lead director of General Growth Properties; Retired Chief Executive Officer, President and Vice Chairwoman of Equity Group Investments, Inc., a Chicago-based, privately held investment company
# John G. Schreiber – President of Centaur Capital Partners, Inc. and a Partner and Co-Founder of Blackstone Real Estate Advisors; Former Chairman and CEO of JMB Urban Development Co.