Lexington Prez Named CEO

T. Wilson Eglin, president of Lexington Corporate Properties Trust, has been named chief executive officer of the New York-based real estate investment trust.The office of CEO was previously shared by E. Robert Roskind, who will continue as chairman of the board, and Richard J. Rouse, Lexington's vice chairman, who has also been named chief investment officer, the REIT said. Mr. Eglin, 38, has been president of Lexington since May 1995, and was chief operating officer of the REIT prior to that. Mr. Roskind observed that the promotion "more accurately reflects reality" and would allow Mr. Rouse and himself to "continue to focus our energies in our respective areas." Moreover, from a corporate governance standpoint, "the CEO function should be separate from the chairman and vice chairman function," he said. The REIT can be found on the Web at http://www.lxp.com.