Mills Reports Management Shuffle

The Mills Corp., a real estate investment trust based in Arlington, Va., has announced various management changes, including new responsibilities for its president and its chief operating officer, in connection with a previously announced restructuring.Company president Mark Ettenger will now devote his time exclusively to advising Mills chairman and chief executive officer Laurence C. Siegel and a newly formed Special Negotiating Committee of the board, Mills said. COO Mark S. Ordan will assume responsibility for asset management and international operations while retaining his other responsibilities. In addition to various other changes, Richard J. Nadeau, who joined Mills in March as executive vice president for finance and accounting, has been named chief financial officer, the company said. "These organizational changes are intended to create a management structure that focuses on day-to-day operational matters that will enhance the value of our properties," Mr. Siegel said. Mills said its restructuring efforts in recent months have resulted in 222 fewer full-time employees. The retail and shopping center REIT can be found online at http://www.themills.com.