New Hyde Park, N.Y.-based Kimco Realty Corp., one of the largest retail REITs in the country, is making some tweaks to its management structure. Kimco Vice Chairman and Chief Investment Officer David Henry will be the company's president. Milton Cooper will remain Chairman and CEO, but “will also lead an expanded office of the chairman.” David Lukes, an executive vice president, will become chief operating officer. Michael Flynn, the company's previous chief operating officer, will retire effective December 31, 2008.
Michael V. Pappagallo, the company's chief financial officer, has also been appointed chief administrative officer. Collectively, Cooper, Henry, Lukes and Pappagallo will form the office of the chairman. According to the company, “The office will set overall strategic direction for the company, determine investment policy and focus on organizational development.”