Apartment Investment and Management Co., Denver, has announced that Peter Kompaniez will relinquish the title of president as of April 1 in conjunction with AIMCO's plan to hire a chief operating officer this year.The real estate investment trust said Mr. Kompaniez, one of the company's founders, will continue as vice chairman of AIMCO's board of directors and will be involved in various projects. He is the acting head of the Los Angeles Regional Operating Center, with authority over AIMCO's 42 conventional properties in California. AIMCO said Terry Considine, its chairman and chief executive officer, will serve as president pending the completion of the REIT's search for a COO. The company can be found on the Web at http://www.aimco.com.

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