General Growth Properties appoints Rufrano to board of directors

By Caroline Salls

Pittsburgh, July 9 - General Growth Properties, Inc. said Thursday that Glenn J. Rufrano has been appointed to its board of directors.

According to a company news release, Rufrano is the chief executive officer of Centro Properties Group, and he led Centro Properties Group through its successful restructuring during the current credit crisis.

"Glenn's CEO and restructuring experience combined with his regional shopping mall expertise will be invaluable to the company as we continue to develop the plan to emerge from bankruptcy," General Growth chief executive officer Adam Metz said in the release.

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 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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