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ATLANTA-Prentice Knight is retiring as CEO of locally based CoreNet Global after serving in the role for the past three years. An interim CEO is expected to be announced in the next few weeks, a spokesman for the corporate real estate organization says.

Knight, who was not available for comment Thursday, previously served as chief learning officer before agreeing to take on interim CEO duties in November 2005 to replace Peggy Binzel, who had served as CEO since the organization’s formation in 2002. He was named to the position permanently in April 2006.

Knight was also CEO of the International Development Research Council, a predecessor organization to CoreNet Global. He will remain in place to assist officers of the association in making a smooth transition to an interim CEO, who will in turn work with the board of directors to maintain continuity while a long-term replacement is sought.

Barry Varcoe, chairman of CoreNet Global, credits Knight with steering the group during the worst worldwide recession in living memory. He says Knight made “significant personal sacrifices” in taking on CEO duties that kept him away from his home and family in Kentucky. “We accept his wish to retire now with our thanks and best wishes for his future,” Varcoe stated in a release.

CoreNet Global is the world’s leading professional association for corporate real estate executives. The group has 7,000 members within 55 chapters around the globe.

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