Taubman Centers Adds Director

Taubman Centers (TCO Quote) named William U. Parfet to its board, filling a vacancy in the class of 2008.

Parfet will be an independent director under the New York Stock Exchange rules, bringing the number of independent directors to six of nine. Parfet will join the audit committee and will also satisfy the independence standards for audit committee members, as well as being a financial expert for purposes of the Sarbanes-Oxley Act and the New York Stock Exchange rules.

Parfet is chief of MPI Research, a Michigan-based, privately held company that focuses on the nonclinical research needs of the pharmaceutical, biotech, chemical, and agricultural industries.

"We are delighted that Bill Parfet has accepted the company's invitation to join the board," said CEO Robert S. Taubman. "Bill brings us a unique combination of public and private company operating expertise and a strong financial background." ...