Peter B. McMillan, president and coo of The Mills Corp. (Arlington, Va.), has resigned “to pursue other personal and business interests.” He will also resign his seat on the board.
The company indicated that chairman and ceo Laurence Siegel would assume McMillan's duties, in the interim, as it considers options for the vacated position.
The Mills Corp. owns and operates a chain of 12 primarily value-oriented retail malls in 10 states totaling approximately 17 million square feet. Currently, it has five projects under construction and/or development in the United States, one project in Toronto and one in Madrid. Its newest project, Discover Mills, is slated to open November 2 north of Atlanta. It's a partnership between Mills Corp. and Discover Financial Services, a business unit of Morgan Stanley Dean Witter & Co.