Cownie will retire from Macerich board
The Macerich Co., a real estate investment trust with roots in Iowa, announced that Des Moines businessman Jim Cownie will retire from its board of directors at the company’s annual stockholders meeting. Cownie has been a member of the board since 1994, when Macerich went public. The company, which has its headquarters in Santa Monica, Calif., owns Southridge Mall. It leases, manages, develops and redevelops regional malls throughout the United States.
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