Liberty Property Trust COO Robert Fenza To Retire

(RTTNews) - Liberty Property Trust (LPT) on Tuesday announced the upcoming retirement of its Chief Operating Officer Robert Fenza.

Fenza is retiring to increase time devoted to public service. Fenza will step down from his role as Chief Operating Officer on December 31. He will continue in an advisory capacity to assist with transition activities until March 31, 2015.

Fenza joined Liberty's predecessor company, Rouse & Associates, in 1984 and was responsible for establishing Liberty's position as the leading industrial developer in the Lehigh Valley market of Pennsylvania. Later promoted to executive vice president for operations, in 2000 he was appointed chief operating officer.

The five department and regional managers that have historically reported to Fenza, together with the company's chief investment officer, Mike Hagan, now constitute a new body for oversight of the company's operations, the Real Estate Operating Committee. The members of the committee will report directly to chairman and chief executive officer Bill Hankowsky, but will have significant decision-making authority and members will participate in the investment process.