By Sandra M. Jones
| General Growth Properties Inc., the shopping mall owner in Chapter 11 bankruptcy, named Chicago real estate veteran Sheli Rosenberg to its board of directors.
Rosenberg was most recently CEO, president and vice chairman of Equity Group Investments LLC, the privately-held real estate investment firm run by real estate mogul Sam Zell. Rosenberg joined Equity Group in 1980 as general counsel. She left the company in 2003 and has been an adjunct professor at Northwestern University’s Kellogg Graduate School of Business. She also sits on the boards of CVS Caremark Corp., Nanonsphere Inc., Veritas Inc. and Equity LifeStyle Properties Inc. Rosenberg is also a trustee at Equity Residential.
The appointment brings the number of directors on General Growth’s board to ten.
Maybe she can use General Growth and Zell as case studies in her Kellogg class on how things go wrong.