Wheeler Real Estate Investment Trust, Inc. reported that the board of directors has terminated Jon S. Wheeler as the company's Chairman, Chief Executive Officer and President. In addition, Mr. Wheeler resigned his position from the board of directors. Effectively immediately, the board of directors named David Kelly as the company's Chief Executive Officer and President.

Mr. Kelly has over 28 years of experience in the real estate industry. Mr. Kelly joined the company in 2013 and served as Senior Vice President, Director of Acquisitions for the company, and most recently as the Chief Investment Officer.