CenterPoint Shuffling Executive Lineup for 2005

OAK BROOK, IL-Late night television is not the only arena where promotions are being lined up in advance. CenterPoint Properties Trust, the largest industrial property owner in the market, has handed out promotions to four top executives, with Michael M. Mullen set to become chief executive officer.

Mullen will replace John S. Gates, Jr., who remains co-chairman of the company and will focus on corporate strategy and capital allocation. “I expect to spend about a third of my time on CenterPoint activities,” Gates explains. “This will afford me the opportunity to devote more of my energies to community, charitable and personal endeavors.”