John A. Kite is the new chairman of Indianapolis-based retail REIT, Kite Realty Group Trust (NYSE: KRG). Kite, who was the company's president, CEO and a member of the Board, will maintain his post as CEO. Thomas McGowan, previously senior executive vice president and COO, is now president and will continue as COO. This executive management shift is in reaction to the retirement of chairman, Alvin E. Kite, Jr., who will stay on as chairman emeritus and continue to provide advisory services.