General Growth names members of post-emergence board of directors

By Caroline Salls

Pittsburgh, Oct. 5 - General Growth Properties, Inc. has announced the members of the nine-member board of directors that will assume responsibilities following the company's emergence from bankruptcy, according to a company news release.

General Growth said it is currently scheduled to emerge in early November.

Brookfield Asset Management senior managing partner and chief executive officer Bruce Flatt will be chairman of the board post-emergence.

The other board members will be Brookfield Properties CEO Ric Clark; Mary Lou Fiala, who is on the board of trustees of International Council of Shopping Centers, is a director at Macquarie Global Growth Trust, Build-A-Bear Workshop and Flat Out Crazy and is the former president and chief operating officer of Regency Centers Corp.; current General Growth director John Haley; Brookfield Asset Management senior managing partner Cyrus Madon; General Growth CEO Adam Metz; Equity Residential president, CEO and trustee David Neithercut; current General Growth lead director Sheli Rosenberg; and Centaur Capital Partners, Inc. president and Blackstone Real Estate Advisors partner and co-founder John G. Schreiber.

General Growth, a Chicago-based real estate investment trust that owns regional shopping malls, master planned community developments and commercial office buildings, filed for bankruptcy on April 16, 2009 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 09-11977.

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