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CBL Properties (CBL) Announces the Resignation of Kaj Vazales From Its Board of Directors

January 27, 2023 11:46 AM EST

CBL Properties (NYSE: CBL) today announced that Kaj Vazales has notified the Company of his resignation from CBL’s Board of Directors effective January 26, 2023, and the Board has accepted his resignation. The departure is the result of a change in Mr. Vazales’ principal occupation. Mr. Vazales formerly served as Managing Director and Co-Head of North America for Oaktree’s Global Operations Strategy. He joined CBL’s board in November 2021, following CBL’s successful restructuring.

“On behalf of the Board and the entire company, we’d like to thank Kaj for his many contributions to CBL,” said Stephen D. Lebovitz, director and CEO of CBL. “Kaj played a key leadership role during our restructuring, which allowed the Company to emerge in a strong financial position. Since joining our Board in November 2021, his financial and organizational experience, thoughtful perspective, and overall business insight have been valuable in positioning CBL for long-term success. We wish him great success in his future endeavors.”



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