CHICAGO,IL–Shopping mall owner General Growth Properties Inc. said Thursday that it has named Shobi Khan its chief operating officer.
Khan, 45, previously was U.S. chief investment officer at real estate investment advisor Bentall Kennedy. He is slated to join General Growth on June 13.
He will receive a base salary of $750,000, a signing bonus of $550,000 and will be eligible for a discretionary bonus next year of up to $500,000, the company said in documents filed with the Securities and Exchange Commission.
Khan also will be eligible to receive 400,000 non-qualified General Growth stock options.