TMCnet News
CEO Coppola Named Chairman Of Macerich(InvesTrend Via Acquire Media NewsEdge) September 8, 2008 (FinancialWire) -- Art Coppola has been named CEO and chairman of Macerich (NYSE: MAC) (Current Market Cap: US$4.79 Bil.) He had been serving as president and CEO of the firm. Outgoing chairman Mace Siegel is leaving day-to-day involvement in Macerich, the company he founded in 1964. Macerich also named Ed Coppola, who was formerly senior executive vice president and chief investment officer, as president. Siegel s will stay on as founder and chairman emeritus, and continues as a member of the company s board. Both Art and Ed Coppola began working with Siegel at the company in the mid 1970s. Santa Monica, California-based Macerich is a real estate investment trust that focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. The company is the sole general partner and owns an 86% ownership interest in The Macerich Partnership. Macerich owns around 77 million square feet of gross leaseable area consisting primarily of interests in 72 regional malls. FinancialWire is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire news is available at http://www.financialwire.net . Please address any inquiries to [email protected] . Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 . (Distributed for Investrend Communications, Inc. via M2 Communications Ltd (www.m2.com)) Copyright ? 2008 M2 Communications Ltd. |