AIMCO Names CFO Successor

Thomas M. Herzog has been named to succeed Paul J. McAuliffe, who will step down as chief financial officer of Apartment Investment and Management Co. in the first quarter of next year.Mr. McAuliffe joined AIMCO, a Denver-based real estate investment trust, in 1999 as an executive vice president and assumed the role of chief financial officer in October of that year, the company said. He has said he plans to return with his family to his native New Jersey, and he will serve AIMCO as an EVP in various capital market activities. Mr. Herzog is currently AIMCO's chief accounting officer, and the REIT said it will undertake an executive search for a replacement. Mr. Herzog was previously chief accounting officer and global controller at GE Real Estate.