December 15, 2009 (FinancialWire) — CBL & Associates Properties, Inc. (NYSE: CBL) said its board of directors has promoted Stephen D. Lebovitz to serve as chief executive officer of the company effective January 1, 2010, in addition to his current position as president. Current chairman and chief executive officer, Charles B. Lebovitz, will continue to serve as executive chairman of the board.

Before joining CBL’s Predecessor, Lebovitz was affiliated with Goldman, Sachs & Co. (NYSE: GS) from 1984 to 1986.

CBL is an owner and developer of malls and shopping centers in the United States.

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