CBL names Nay as director

CBL & Associates Properties Inc., the Chattanooga-based shopping center developer, on Tuesday named Gary Nay to its board of directors.

Nay fills the vacancy created with the retirement of Leo Fields, who served on CBL's board since 1993.

Nay was vice president of real estate of Macy's Inc. and its predecessor, Federated Department Stores, from 1988 through his retirement in February 2010.

"He is certain to bring a unique and meaningful perspective. We look forward to Gary's contribution to the continued success of our company," said Charles B. Lebovitz, CBL chairman.

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