CEO of The Mills Retires

Laurence C. Siegel has retired as chief executive officer of The Mills Corp., Chevy Chase, Md., and has been named non-executive chairman of the board, while Mark S. Ordan has been promoted from chief operating officer to CEO and president.Mills, a real estate investment trust, also reported that it is still working with Kan Am USA Management XXII and Colony Capital Acquisitions LLC "to resolve the complex issues necessary to close the Meadowlands Xanadu transaction." If that transaction is concluded, Mr. Siegel may join the new joint venture and, if so, would remain on the REIT's board but resign as non-executive chairman, The Mills said. Mr. Ordan, a longtime board member, was previously a specialty retail CEO and chairman of the Federal Realty Investment Trust. The REIT can be found online at http://www.themills.com.