Brookfield Properties Corporation announced today that Steven J. Douglas has resigned as President of the company, effective immediately, to assume the position of Executive Vice President and Chief Financial Officer/Director of Accounting and Finance at General Growth Properties (NYSE: GGP).
Ric Clark, Brookfield’s Chief Executive Officer, stated, “We thank Steve for his invaluable contributions to the success of Brookfield Properties and wish him well as he joins General Growth which is being recapitalized by our principal shareholder, Brookfield Asset Management.”
Steve Douglas was named President of Brookfield Properties Corporation in 2009. Steve most recently was Senior Managing Partner at affiliated company Brookfield Asset Management, focused on that company’s operations and international property portfolio. Prior to this he was Executive Vice President and Chief Financial Officer of a mining company formerly controlled by Brookfield Asset Management. Mr. Douglas also served as Chief Financial Officer of Brookfield Properties for seven years and is a chartered accountant.