Projo Biz Blog

General Growth Properties Inc., the Chicago-based owner of the Providence Place mall, this morning named Adam Metz as interim chief executive officer after John Bucksbaum resigned.

Thomas Nolan will be interim president in place of Robert Michaels, who is keeping his post as chief operating officer, General Growth said in a regulatory filing today. Bucksbaum will continue to be chairman.

An affiliate of a Bucksbaum family trust loaned $10 million to Michaels, which has since been repaid, General Growth said in the statement. The affiliate also loaned $90 million, of which $80 million is still outstanding, to former Chief Financial Officer Bernard Freibaum.

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