By Maria Armental

HCP Inc.'s (HCP) chief financial officer has taken over as chief executive and the chief investment officer as president, the real-estate investment trust said Tuesday.

The executive moves took effect Jan. 1.

CEO Thomas M. Herzog, 54 years old, replaces Executive Chairman Michael D. McKee, who temporarily assumed the CEO and president roles in July. Mr. McKee remains executive chairman.

Mr. Herzog, who returned to HCP in June, reports to Mr. McKee.

President J. Justin Hutchens, 42, joined HCP in 2015.

HCP has hired executive recruiting firm Korn Ferry to help find a new CFO.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

January 03, 2017 18:29 ET (23:29 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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