CBL Properties Announces Resignation of Director Michael Ashner
CBL Properties (NYSE: CBL) announced the resignation of Michael L. Ashner from its Board of Directors effective September 29, 2020, due to personal reasons. CEO Stephen Lebovitz expressed gratitude for Ashner's contributions during his tenure. CBL Properties operates a national portfolio of 108 properties encompassing 68.2 million square feet across 26 states, focused on high-quality retail centers. The company aims to enhance its portfolio through active management and reinvestment strategies. For more details, visit cblproperties.com.
- Strengthened leadership through board changes can offer new perspectives.
- Resignation of a board member may raise concerns about continuity and governance.
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that Michael L. Ashner has resigned from CBL’s Board of Directors effective September 29, 2020, for personal reasons.
“On behalf of Management and the Board, we would like to thank Michael for his many contributions and commitment to the Company during his time on the Board,” said Stephen Lebovitz, chief executive officer. “We wish him the best in his future pursuits.”
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s portfolio is comprised of 108 properties totaling 68.2 million square feet across 26 states, including 68 high‑quality enclosed, outlet and open-air retail centers and 9 properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information, visit 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” included therein, for a discussion of such risks and uncertainties.
