General Growth taps Sheli Rosenberg as lead independent director

By Marisa Wong

Milwaukee, April 19 - General Growth Properties, Inc.'s board of directors has named Sheli Z. Rosenberg as lead director of the board effective immediately, according to a Monday news release.

Rosenberg's primary responsibilities include chairing the meetings of the independent directors, acting as liaison with management, assisting in the development of the board's agenda and chairing meetings of the board in the absence of the chairman.

As previously announced, Rosenberg joined the board on April 13.

Rosenberg is the former president, chief executive officer and vice chairwoman of Equity Group Investments, LLC. She has been an adjunct professor at Northwestern University's J.L. Kellogg Graduate School of Business since 2003.

She is also a director of CVS Caremark Corp., Nanosphere, Inc., Equity LifeStyle Properties, Inc. and Ventas, Inc.

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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