CBL Adds Experienced Investment Banking Professional to Board
CBL & Associates Properties, Inc. (NYSE: CBL) today announced the
appointment of Richard Lieb, Managing Director of Greenhill & Co., LLC,
to its Board of Directors.
Mr. Lieb joined Greenhill, a publicly traded independent investment
banking firm, in 2005. Currently, he heads Greenhill’s Real Estate,
Gaming and Lodging Group. Prior to joining Greenhill, he spent more than
20 years with Goldman Sachs & Co., where he headed its Real Estate
Investment Banking Department from 2000-2005. Mr. Lieb has over 30 years
of experience in the real estate investment banking industry.
In addition to his investment banking experience, Mr. Lieb has also held
numerous management roles at Greenhill, including CFO from 2008-2012,
where he had significant interaction with the firm’s auditors, equity
research analysts and institutional investors. Mr. Lieb was a member of
the firm’s Management Committee from 2008-2015. He also served at
various times as head of the firm’s Restructuring business and as head
of North American Corporate Advisory.
“Richard is well-known and well-respected as a top professional in real
estate investment banking, and we are pleased to welcome him to the CBL
Board,” said Charles B. Lebovitz, chairman of the Board of CBL &
Associates Properties, Inc. “As a leading advisor to the real estate
industry and as CFO of a public company, Richard’s experience with the
investment community and the public markets will bring valuable insight
and a unique perspective to our well-rounded Board. We are confident
that CBL will benefit from the addition of Richard to the Board as we
work to enhance shareholder value.”
Mr. Lieb is 56 years old. He received his MBA from Harvard Business
School in 1985 and his BA from Wesleyan University in 1981, where he was
elected to the Phi Beta Kappa Society.
Mr. Lieb served on the Wesleyan University Career Advisory Council from
2008-2012 and is currently an active member of the George Eastman Circle
at the University of Rochester. He is also an active member of the
American Jewish Committee (AJC), where his wife serves on the National
Board of Governors.
About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, CBL is one of the largest and most
active owners and developers of malls and shopping centers in the United
States. CBL owns, holds interests in or manages 147 properties,
including 91 regional malls/open-air centers. The properties are located
in 30 states and total 84.7 million square feet including 7.0 million
square feet of non-owned shopping centers managed for third parties.
Additional information can be found at cblproperties.com.
Information included herein contains "forward-looking statements"
within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many of
which cannot be predicted with accuracy and some of which might not even
be anticipated. Future events and actual events, financial and
otherwise, may differ materially from the events and results discussed
in the forward-looking statements. The reader is directed to the
Company's various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form 10-K
and the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" incorporated by reference therein, for a
discussion of such risks and uncertainties.
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