CEO OF CENTERPOINT PROPERTIES TRUST ANNOUNCES RETIREMENT
Posted By Staff Writers On April 24, 2013 @ 6:53 pm
Oak Brook, Illinois – Paul Fisher, President and Chief Executive Officer of CenterPoint Properties Trust (the “Company” or “CenterPoint”), announces his retirement from the Company. Mr. Fisher was one of the founders of the Company in 1993, serving as Chief Financial Officer prior to being named President in 2004. In 2006, the then publicly listed CenterPoint was privatized, with Mr. Fisher continuing to serve as President until his appointment as Chief Executive Officer in 2011. The Company’s Board of Trustees has initiated a search for his successor, with Mr. Fisher continuing to serve as CEO until his replacement is named. Following his retirement as CEO, Mr. Fisher will continue to serve on the Company’s Board, and will assume the role of Vice Chairman of the Board.
“As a public company we were known as a highly successful value-add industrial property company focused exclusively in Chicago,” Mr. Fisher stated. “CenterPoint today has been successfully repositioned as a national platform operating in major hub markets, engaged in the investment and development of transportation advantaged assets and related infrastructure. Our logistics strategy is well established, and the company is on an excellent trajectory with a terrific team in place. After more than 20 years of helping build a great firm, it’s a good time for me to step away from day-to-day duties. I’m pleased that the Board has asked me to continue my service as Vice Chair, while I also pursue my many other interests.”
About CenterPoint Properties Trust
CenterPoint Properties Trust is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint’s portfolio includes 43 million square feet and 6,300 acres under development in the company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter
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