CLEVELAND - Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the recent appointments of two directors to lead the Company's sustainability and energy management initiatives.

Jon Ratner has been appointed director of sustainability initiatives, providing leadership of sustainability-related best practices and procedures. Joyce Mihalik, a Certified Industrial Energy Consultant, was named director of energy management, responsible for the development, implementation and coordination of energy management and conservation strategies for the Company's Commercial Management portfolio.

Charles A. Ratner, president and chief executive officer of Forest City Enterprises, said, "Sustainability is a core value for Forest City. We are committed to balancing environmental resources, economic objectives and social systems as we operate our business and invest in new opportunities. We have embraced sustainability and made progress, but we know there is much still to be done. The appointments of Jon and Joyce are important steps in our efforts."

Jon Ratner formerly served as development project manager for mixed-use, office and multifamily projects at Forest City's Denver Stapleton project. Located on the site of the former Denver International Airport, the 4,700-acre Stapleton development has served as a cornerstone to increase the Company's awareness and experiences with sustainability principles. Established in 2001, Stapleton has won a number of awards for sustainability and environmental stewardship, including a "Best in American Living" Award for Smart Growth; Colorado Environmental Achievement Award; U.S. Conference of Mayors Award for Excellence; and Stockholm Partnerships for Sustainable Cities Award from the King of Sweden.

Mihalik joins Forest City from The Goodyear Tire and Rubber Company's North American operations, where she was energy manager. Previously, she held positions with a utilities cost management consulting firm and a power plant developer, and she also has 10 years of experience in developing and implementing supply- and demand-side energy strategies.

In addition to these new appointments, Forest City has mobilized a cross-functional intra-company council to help focus on sustainability as a companywide priority. The Company is also using the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) guidelines to assess the environmental performance of its development projects.

These efforts build on the Company's long history of developing high-density, urban infill and adaptive reuse projects - inherently sustainable project types because of their location on already-developed land.

Corporate Description

Forest City Enterprises, Inc. is a $7.8 billion NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.

Forest City

Forest City

Forest City Enterprises, Inc., a $9 billion* publicly traded real estate company, is principally engaged in the ownership, development, acquisition and management of premier commercial and residential real estate throughout the United States. An NYSE-listed real estate company (NYSE: FCEA and FCEB), based in Cleveland, Ohio, its portfolio includes interests in retail centers, apartment communities, office buildings and hotels throughout the United States. Established in 1921, Forest City operates under three strategic business units: Commercial, Residential and Land Development. It is committed to building superior, long-term value through a consistent strategic focus on projects in markets with high-growth potential and challenging barriers to entry.

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