advertisement

Business briefs

Change announced at General Growth

General Growth Properties Inc. announced the appointment of Edmund Hoyt as the company's chief financial officer on an interim basis. Hoyt succeeds Bernard Freibaum, who is no longer employed by the company. The company will begin a search for a permanent chief financial officer. General Growth is the second-largest U.S. shopping-mall owner, with local properties including Northbrook Court, Spring Hill Mall in West Dundee, Oakbrook Center and Water Tower Place. Hoyt has served as senior vice president and chief accounting officer of the company since 2000. Hoyt has been with the company since 1986 and has held a variety of positions in financial planning, accounting and controllership roles. All continuing executive officers of the company have informed the company that they have repaid in full all previously existing margin loans and thus there will be no further sales of company stock by those executive officers to satisfy margin calls.

Skin, nail salon move to new space

ARLINGTON HEIGHTS - Iris Skin and Nail Salon recently relocated from International Plaza to 506 Arthur Ave. The shop has been in business in Arlington Heights for more than 15 years. She shop specializes in facials, natural manicures/pedicures and body waxing. Sisters Alicja Mazur and Jadwiga Gmiter own and operate the business where they use earth products such as organic herbs, salts and fruits and only natural products to clean the salon.