Mall operator CBL & Associates Properties Inc. (NYSE: CBL) said Monday its board of directors has promoted Stephen D. Lebovitz to CEO, according to Associated Press.
Lebovitz, 48, will continue to serve as president of the company, CBL said. He succeeds his father Charles B. Lebovitz, 72, who will continue with CBL as executive chairman and will continue to serve in the company's operations and leadership.
MicroCap Insider is a web-based financial portal.
Sign Up for our Free Stock Newsletter
MicroCap Insider publishes a free penny stock newsletter providing stock alerts on companies positioned to deliver high-yield gains to investors.
Stephen Lebovitz joined CBL more than 20 years ago and has held several executive positions. He has been president and secretary of the company since 1999 and has been a director since its initial public offering in 1993.
CBL also said it is promoting Gus Stephas, 66, to executive vice president and chief operating officer; Farzana Mitchell, 57, to executive vice president of finance; and Michael Lebovitz, 45, to executive vice president of development and administration.
Shares of CBL rose 4 cents to $9.82 in afternoon trading.
Sign Up for FREE. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by MicroCap Insider can sign up for free by visiting our website.
About Us
MicroCap Insider is a leading penny stock web site with extensive experience in the OTC market, providing top stock picks, investing tips and exclusive research on small cap stocks on the verge of producing large financial gains.
Please click here to read the full disclaimer.
