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CommonWealth REIT Juggles Senior Management Group

Jan 10, 2011 | Reprints | Unlock Link | Print

Newton-based CommonWealth REIT (CWH) has made changes to its senior management group, including electing a new president of its board of trustees.

Adam D. Portnoy has been elected president of CWH’s board of trustees, according to a statement. He will also continue in his role as a managing trustee for CWH.

Portnoy is replacing John A. Mannix, who resigned as president and chief investment officer in order to lead CWH’s acquisition efforts in Australia, according to a statement. Mannix will be relocating to Sydney, Australia and remains an executive vice president of Reit Management & Research LLC (RMR), CWH’s manager.

These changes are effective today.

Banking & Lending