Paul Fisher, president and chief executive officer of industrial real estate developer CenterPoint Properties Trust, announced his retirement.
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 Fisher continuing to serve as president until his appointment as CEO in 2011.
“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,” Fisher said in a statement.
CenterPoint’s trustees board has started a search for his successor, with Fisher continuing to serve as CEO until his replacement is named.
Following his retirement, Fisher will continue to serve on the company’s board, and will assume the role of board vice chairman.