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General Growth Properties Inc. appointed Michael B. Berman as its new executive vice president and chief financial officer, effective Dec. 15.

Berman replaces Steve Douglas, who will return to Brookfield Asset Management after his tenure with GGP and assume a role with Brookfield.

Douglas will remain with GGP until Dec. 31 to assist with the transition.

Berman until recently had been executive vice president of Equity LifeStyle Properties Inc. and a member of the company's management committee.

Berman had been chief financial officer and treasurer of Equity LifeStyle Properties Inc. since September 2003 and also served as its principal accounting officer.


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