GGP Makes Management Changes
The senior management changes include: Michael McNaughton has been named head of asset management; Robert Michaels, GGP’s vice chairman, has been named head of leasing; Mark Pfeifer has been named head of marketing and corporate communications.
Mr McNaughton, Mr Michaels and Mr Pfeifer replace Sharon Polonia, Robert Wyant and Wally Brewster, respectively.
Mr McNaughton, serves as senior vice president with oversight of department stores, Big Box retailing, land, hotel and restaurant functions for the GGP portfolio. Mr Michaels has served in a number of senior management roles at the company, including general counsel and executive vice president and director of corporate leasing. Mr Pfeifer joined as vice president of corporate advertising and branding, later becoming vice president of strategic communications.
Adam Metz, CEO of GGP, said: “As we have been successfully restructuring GGP’s financial foundation, we have simultaneously been developing an operational strategy that will enable the Company to improve our performance. We believe these management changes are consistent with our new strategic direction, which we expect will be a catalyst to maximize the intrinsic value of our properties.”
Will GGP benefit with these changes?
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