TNP Strategic Retail Trust, Inc. appointed Andrew Batinovich, president and CEO of Glenborough and SRT Advisor, to serve as the company's CEO, CFO and a director. The special committee of the company's board terminated Anthony Thompson as the company's co-CEO and as chairman of the board and also terminated K. Timothy O'Brien as co-CEO. Thompson will remain on the board until the end of his current term.

Also, Dee Balch resigned as CFO and as a director of the company.