CBL Properties today announced that Gary Bryenton and Gary Nay will retire from the shopping center developer’s board of directors effective Dec. 31.
“CBL has greatly benefited from the valuable insight, guidance and direction by these two outstanding members of the Board,” said Charles B. Lebovitz, the board’s chairman, in a statement. “Their advice and leadership has been extremely meaningful and contributed to the many achievements CBL has celebrated over the years. On behalf of the entire company and the board, I would like to extend our deepest gratitude to both for their unwavering commitment to the success of the organization.”
Bryenton, senior partner for Baker Hostetler LLP, was appointed to CBL’s board in 2001. During his 17-year tenure, he has also served as chairman of the nominating/corporate governance committee and as a member of the audit committee.
Nay, former head of real estate for Macy’s/Federated, has served as a CBL director since 2011. During this time, he has also served as a member of CBL’s compensation committee and as a member of the nominating/corporate governance committee.
In connection with the retirements, the size of the board will be reduced to seven directors.
CBL is the owner of Hamilton Place and Northgate malls in Chattanooga along with other shopping centers nationally.