10/29/2008

General Growth Properties has named two of its independent directors as CEO and president of the company on an interim basis as the company struggles with its debt load. Adam Metz, a veteran of Rodamco and Urban Shopping Centers, will take John Bucksbaum's role as chief executive, and Thomas H. Nolan Jr., a veteran of Trefethen & Co. and AEW Capital Management, will take over as president from Robert Michaels.

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