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Home > BizTimes Daily > Archives > February 27, 2009
Zilber names next generation of company leaders
Published February 27, 2009 - BizTimes Daily
Jim Borris has been named the new president and chief executive officer of Milwaukee-based real estate firm Zilber Ltd., the company's founder and chairman, Joseph Zilber, announced.
Borris, 51, joined the company in 1986 and most recently served as president of Homes by Towne, a Zilber Company LLC. Borris is the fourth president in the 60-year history of the company.
Borris succeeds 66-year-old Arthur Wigchers, who will become vice chairman and senior advisor to Zilber Ltd.
In addition, John Kersey is being promoted from vice president of Towne Investments to executive vice president of Zilber Ltd., Robert Braun is being promoted from vice president of finance and chief financial officer of Zilber Ltd. to executive vice president and CFO of the company, and William Wigchers is being promoted from vice president and chief operating officer of Homes by Towne, a Zilber Company LLC, to vice president of Zilber Ltd.
"I am extremely proud that over the years our senior management team has developed a strong, professional, as well as personal relationship that allows them to work together as a team," Zilber said. "I am surrounding myself with a new generation of leaders, who I am encouraging and empowering to take the steps necessary to continue to build on our organization's tradition of success. Our company has a sound financial footing and is committed to sustainability, innovation, quality and customer value. I am pleased with these appointments, all of which bode well for the short and long-range future of Zilber Ltd."
Meanwhile, Zilber's redevelopment project for the former Pabst brewery complex in downtown Milwaukee continues to make progress. The Wisconsin Housing and Economic Development Authority (WHEDA) announced that two separate New Markets Tax Credits allocations totaling $15 million will be provided for the 901-space parking structure that Zilber is building in the complex, which is being redeveloped into a mixed-use urban neighborhood. Construction of the parking structure is expected to be complete this fall.
