Key EOPT Execs Resign

Two key executives of Equity Office Properties Trust, Chicago, have resigned to pursue other interests, the office real estate investment trust has reported.Peter Adams, executive vice president for strategic planning, and Christopher Mundy, EVP for operations, led the planning and operations for EOPT's Western and Eastern regions, respectively. The responsibilities of the two, who assumed their roles in 2001, are being transferred to Peyton Owen, the EOPT's EVP and chief operating officer, the REIT said. EOPT estimates that the charge to earnings from severance paid to the two executives will be approximately $5 million. The REIT can be found online at http://www.equityoffice.com.