Timber real estate investment trust CatchMark Timber Trust Inc. said Jerry Barag stepped down as CEO and a board member to pursue other interests.

President and CFO Brian Davis will take over the roles from Barag, who will remain with the REIT in a consulting capacity through April 20.

Vice President and Treasurer Ursula Godoy-Arbelaez will replace Davis as CFO, while Senior Vice President of Forest Resources Todd Reitz was named chief resources officer.

The management changes, announced Jan. 21, were effective immediately.