CHICAGO—InvenTrust Properties Corp. has made a number of adjustments this year, including a name change, and now the Oak Brook, IL-based firm has a new chief financial officer. Michael E. Podboy, who most recently held the title of chief investment officer, has been appointed executive vice president – chief financial officer, chief investment officer and treasurer. The appointment follows the resignation of Jack Potts as the company's chief financial officer and treasurer. All actions were effective on November 23.

Podboy has served in his current role since InvenTrust, formerly known as Inland American Real Estate Trust, Inc., initiated its self-management transactions on March 12, 2014. Since 2007, he has taken a leading role in over $10 billion of transactions at InvenTrust, which include platform transactions, property level acquisitions and dispositions, and alternative investments. Prior to joining the company, Podboy, a certified public accountant, was a senior manager in the real estate division for KPMG LLP.

"We are fortunate to have Michael to step into the role of chief financial officer," says Thomas McGuinness, InvenTrust's president and chief executive officer. "Michael has a deep understanding of our company and the industry, and we look forward to leveraging his expertise to support our business plan while prudently managing our balance sheet and liquidity."

"We are deeply grateful to Jack for all of his contributions to InvenTrust," McGuinness continued. "He has been an integral part of InvenTrust's leadership since the company commenced its self-management transactions. We wish him every success in the future." 

As reported in GlobeSt.com, the company has been a very active retail buyer this year, snapping up significant properties in the metro areas of Dallas, Atlanta, Richmond and Denver.