GGP has promoted Shobi Khan to president and chief operating officer of the company.
Khan began his career with GGP in 2011 as chief operating officer, overseeing all aspects of asset management and investments. Khan will continue reporting to Sandeep Mathrani, CEO of GGP.
“Shobi has been one of my trusted colleagues during the transformation of GGP into one of the leading retail real estate companies in the U.S." Mathrani said. "Over the last five years, Shobi’s responsibilities have broadened and it gives me great pleasure to recognize him with this promotion."
GGP is an S&P 500 company that owns, manages, leases and redevelops quality retail properties across the United States.
“On behalf of the board of directors, we are proud to announce Shobi’s promotion to president," Board Chairman Bruce Flatt said. "Since 2011, Shobi has been a respected leader and partner throughout the organization. We have the utmost confidence in Shobi in his new role as he continues to partner with Sandeep and the executive team to deliver long-term value creation for our shareholders."
GGP is based in Chicago and trades on the NYSE as GGP.