ROCKVILLE, MD-Federal Realty Investment Trust has announced changes in its leadership team. Donald C. Wood will take over as president and chief operating officer of Federal Realty Investment Trust, while Steven J. Guttman has been appointed to chairman of the board.

Wood, who had served as senior vice president and chief operating officer, now has responsibility for day-to-day operations and for the financial performance of the trust’s shopping center and main street properties. In addition to Guttman’s increased involvement in Federal Realty’s Santana Row mixed-use development in San Jose, CA, he will continue in his capacity as chief executive officer.

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