Real estate investment trust Kilroy Realty Corp. said Tuesday its senior vice president and treasurer, Tyler H. Rose, will be promoted to executive vice president and chief financial officer starting at the end of the year.

The company said Tyler will take over from Richard E. Moran Jr., who will step down after serving in that role since 1997.

Kilroy Realty also announced that Michelle Ngo, senior director of corporate finance, will be promoted to vice president and treasurer. She joined the company in 2006 after holding finance positions in the real estate, private equity and investment banking industries.

Shares of Kilroy Realty fell 28 cents to close at $28.61.