Stephen D. Lebovitz has been promoted to serve as CEO of CBL & Associates Properties, Inc. (NYSE: CBL), effective January 1, 2010. He is taking over this post from Charles B. Lebovitz, who will continue to serve as Chairman of CBL's Board of Directors. Stephen has been with CBL for over 20 years, serving as a principal in each major company transaction since CBL's initial public offering in 1993.