CBL Properties today announced the retirement of Gus Stephas, an executive vice president and chief operating officer, after a nearly 50 year career in the real estate industry.
“On behalf of CBL’s Board of Directors, employees and business partners, I would like to recognize and thank Gus for his dedication and contributions to CBL’s success over the years,” said Stephen Lebovitz, CBL’s chief executive officer, in a statement.
Lebovitz said Stephas has contributed to Chattanooga-based CBL and the shopping center industry in innumerable ways throughout his multi-decade career.
“Gus has been an integral part of CBL since its formation, helping to hone the company’s reputation as a first-class manager of market-dominant centers,” he said. “His innate understanding of the business and his financial expertise have lent a beneficial perspective to CBL’s leasing and operations, leading to a stronger and more efficient organization. Gus is also known for his gregarious management style, which has energized the organization with a spirit of comradery and clearly demonstrated his passion for the industry and CBL.”
Stephas’ retirement will conclude a nearly 50-year career in the real estate industry, including 40 years with CBL and its predecessor company, Independent Enterprises.