WASHINGTON (dpa-AFX) - General Growth Properties Inc. (GGP) announced the appointment of Michael Berman as its new executive vice president and chief financial officer, effective December 15, 2011.
Berman replaces Steve Douglas, who will return to Brookfield Asset Management after his tenure with GGP and assume a role with Brookfield. Douglas will remain with GGP until December 31, 2011 to assist with the transition.
Berman until recently had been executive vice president of Equity LifeStyle Properties Inc. and a member of the company's management committee. Berman had been chief financial officer and treasurer of Equity LifeStyle Properties, Inc. since September 2003 and also served as its principal accounting officer.
In 2003, Berman was an associate professor at the New York University Real Estate Institute. Berman was a managing director in the investment banking department at Merrill Lynch & Co. from 1997 to 2002.
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