CBL Properties has CFO transition plan
CBL Properties on Thursday announced that Farzana Khaleel will step down as the shopping center company's executive vice president–chief financial officer as of Dec. 31.
CBL also said that Ben Jaenicke will join the company as executive vice president–finance on Sept. 1 and will begin serving as executive vice president–CFO as of Jan. 1, 2023.
Khaleel will enter into a consulting arrangement with the company to provide advisory services through March 31, 2023, with one three-month extension available at the company's option, according to CBL.
"On behalf of myself, the management team, the board and the entire company, I want to express my deepest appreciation and gratitude to Farzana for her invaluable contributions and dedication to CBL," Stephen D. Lebovitz, CBL's chief executive officer, said in a statement. "During her more than 20-year career with CBL, Farzana has worked tirelessly. She has played a leading role in helping to navigate the company through a number of challenges, including most recently, CBL's reorganization."
Lebovitz called Jaenicke "a fantastic addition to the CBL organization. He has served as an advisor and partner to CBL for many years in his role in investment banking at Eastdil and Wells Fargo Securities. His extensive experience working on strategic transactions and financings across the REIT (real estate investment trust) space, including many directly for CBL, as well as his accounting and finance background, will be invaluable as CBL moves forward with its strategic priorities and pursues future opportunities."
Signal Centers names 3 board members
Signal Centers has named three new members to its board of directors -- Nicole O. Watson, Jimar Sander and Azurae Johnson Redmond.
Watson is a partner and senior policy advisor with Waller Law. Her professional legal background has focused on public policies and government affairs with state and local elected officers. Watson is also a member and former leader of diverse civic boards in Chattanooga.
Sanders is a partner with Waller Law specializing in real estate transactions and corporate and commercial finance transactions. He has nationwide experience assisting domestic and international companies in their expansion and relocation projects.
Johnson Redmond is the founder and CEO of the nonprofit organization Young, Black and Widowed Inc. She has previously partnered with Signal Centers to provide LAMP (language acquisition through motor planning) assistive technology training to her 5-year-old son with severe autism. Johnson Redmond has a background in engineering, public relations, community engagement and LAMP assistive technology education.
"We couldn't be more excited about the diverse talents and viewpoints these three new members bring to our governance board," Signal Centers CEO Donna McConnico said in a statement.