CatchMark Timber Trust, Inc. announced that Brian M. Davis, previously President and Chief Financial Officer, will succeed Jerry Barag as the company's next Chief Executive Officer and join the company's Board of Directors, effective immediately. Following six successful years in his role, Mr. Barag made the personal decision to retire from the company to pursue other interests. He will be available to Mr. Davis and the Board in a consulting capacity as needed through April 20, 2020.

Mr. Barag will also step down from the Board, effective immediately. Davis was appointed CatchMark's Chief Financial Officer in March 2013 and promoted to President in April 2019. As part of the management transition, Ursula Godoy-Arbelaez, previously Vice President and Treasurer, has been appointed Chief Financial Officer, and Todd P. Reitz, previously Senior Vice President, Forest Resources, has been appointed Chief Resources Officer, effective immediately.