REIT Announces Exec Shuffle

Fred Kennon will retire June 30 as chief financial officer of Entertainment Properties Trust, a real estate investment trust based in Kansas City, Mo., and Gregory K. Silvers has been named to the additional post of chief operating officer of the REIT.In addition, Mark A. Peterson has been named vice president, CFO, and treasurer. The changes will take effect on June 30. Mr. Kennon has been CFO of the company since 1999, and will remain available as a consultant. Mr. Silvers has been the REIT's vice president, general counsel, and secretary since 1998 and its chief development officer since 2001, Entertainment Properties Trust said. Mr. Peterson was most recently the company's vice president of accounting and administration. David M. Brain, the REIT's president and chief executive officer, attributed the changes -- which he termed a "cohesive, planned expansion of our management resourcefulness" -- to a need to focus the company's management on its investment strategy of acquiring, financing, and leasing "high-quality destination properties." The company can be found online at http://www.eprkc.com.