(AP) -- MYRTLE BEACH, S.C. The most influential real estate company along South Carolina's northern coast has chosen its new leader.
The Sun News of Myrtle Beach reports that Burroughs & Chapin Co. Inc. plans a news conference on Friday to introduce its CEO.
The new leader will take over for Jim Rosenberg, who left last May after less than two years with the real estate giant because of personal reasons.
Burroughs & Chapin owns 20,000 acres in Horry County, including prime beachfront real estate where the Pavilion amusement park once stood and the vacant Myrtle Square Mall.
The company has struggled in the current recession, posting a nearly $53 million operating loss in 2008, forcing layoffs and the suspension of its dividend.
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