CorEnergy Infrastructure Trust Inc. said Dec. 17 that its executive chairman, Richard Green, has tendered his resignation from the board of directors of the company, effective January 1, 2019.

The independent directors named David Schulte, President and CEO of CorEnergy, to follow Green as chairman of the board.

In discussing his intentions with the Board, Green noted the work he and Schulte had undertaken to build, develop and lead a talented team of professionals at Corridor InfraTrust Management, the external manager of CorEnergy.

“Reflecting on my more than 30 years of experience as a senior executive, I believe now is a good time for a transition to occur at Corridor and therefore the board of CorEnergy,” Green said.The Governance and Nominating Committees of the company will begin a search for an additional director to fill the vacancy created by the resignation.