" The impact of increased prices has only begun to be seen in the financial numbers of the company , " president and CEO Derek Pannell said in a statement .
" The impact of increased prices has only begun to be seen in the financial numbers of the company , " Noranda president and chief executive officer Derek Pannell said .
The proposal also may help Bloomfield Hills-based Taubman Centers Inc. fend off a takeover from Indianapoils-based shopping mall operator Simon Property Group Inc .