Guttman Moves Up Resignation at REIT

Federal Realty Investment Trust, Rockville, Md., has announced that the planned resignation of Steven J. Guttman as chairman, chief executive officer, and trustee of the company has been moved up from March to Jan. 1.Donald C. Wood will take over as CEO of the real estate investment trust at that time, and trustee Mark S. Ordan will assume the position of non-executive chairman of the board, the equity REIT said. Mr. Guttman, who said he is resigning to pursue "personal and other business interests," joined Federal Realty in 1972 and became chief operating officer in 1975. He was named president, chief executive officer, and trustee in 1980 and chairman in 2001. Mr. Wood joined the REIT in 1998 as chief financial officer and was promoted to senior vice president and chief operating officer in 1999. He was named president and COO in 2001. Federal Realty can be found on the Web at http://www.federalrealty.com.