Paul Fisher, president and chief executive officer of CenterPoint Properties Trust, has announced his retirement from the company. 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 chief executive officer in 2011. The company’s Board of Trustees has initiated a search for his successor, with Fisher continuing to serve as CEO until his replacement is named. Following his retirement as CEO, Fisher will continue to serve on the company’s board, and will assume the role of vice chairman of the board.
“As a public company we were known as a highly successful value-add industrial property company focused exclusively in Chicago,” Fisher said. “CenterPoint today has been successfully repositioned as a national platform operating in major hub markets, engaged in the investment and development of transportation advantaged assets and related infrastructure.
“Our logistics strategy is well established, and the company is on an excellent trajectory with a terrific team in place. 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. I’m pleased that the board has asked me to continue my service as vice chair, while I also pursue my many other interests.”
