The Board of Trustees of Equity Office Properties Trust today announced that it has accepted the resignation for personal reasons of President and CEO Timothy H. Callahan. The Board of Trustees has appointed Equity Office Chairman Samuel Zell to assume the additional roles of president and CEO.
Mr. Callahan will continue to consult with Mr. Zell through a transition period. Mr. Callahan has also resigned his position as a trustee of Equity Office.
(Source: Equity Office Properties Trust)