HOUSTON-The one-year-old Creekstone Partners, a division of locally based Creekstone Cos., has shuffled its CFO into a newly created COO’s slot and backfilled the vacancy with a Greystone Group executive.

As COO, Michael Preston, a three-year employee, will manage Creekstone Partner’s day-to-day operations and help with real estate acquisitions. Robert Smith is the CFO replacement, coming on board from the Greystone Group, a locally based boutique developer of class A residential properties.

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