ATLANTA, April 4, 2019 /PRNewswire/ -- CatchMark Timber
Trust, Inc. (NYSE: CTT) announced today that Chief
Financial Officer Brian M. Davis has
been promoted to President and will continue his CFO
responsibilities. The announcement was made today by Chief
Executive Officer Jerry Barag.
Barag said: "Brian has made outstanding contributions to the
growth and success of the company. He is uniquely qualified to fill
the role of President based on his industry knowledge, broad-based
business acumen, financial expertise, and the strong leadership
competencies he has demonstrated throughout his CatchMark career.
While he takes on additional management responsibilities for
overseeing operations, I will be able to concentrate on broad
strategic issues for increasing durable cash flow with a focus on
continued growth, creating greater shareholder value, and also
ensuring the success of our important Triple T joint venture."
Barag and Davis have worked closely together on developing and
executing company strategy since preparing for CatchMark's initial
listed public offering in 2013. Barag has more than 35 years of
real estate, timberland and investment experience, with expertise
in acquisitions, divestitures, asset management, property
management and financing. Prior to CatchMark, he served in
leadership roles at TimberStar, Lend Lease Real Estate Investments,
and Equitable Real Estate Investment Management.
Davis was appointed CatchMark's Chief Financial Officer in
March 2013 after serving as Senior
Vice President and CFO of Wells Timberland Management Organization.
He had joined Wells as a Vice President in 2007 after serving in
various senior roles at Atlanta-based SunTrust Bank focusing on
capital solutions for middle-market and large-cap corporate
clients. Davis has more than 25 years of experience in business and
financial services, and has held key roles in finance, treasury,
and strategy. He earned a B.B.A. and M.B.A. from Ohio University.
About CatchMark
CatchMark (NYSE: CTT) seeks to deliver
consistent and growing per share cash flow from disciplined
acquisitions and superior management of prime timberlands located
in high demand U.S. mill markets. Concentrating on maximizing
cash flows throughout business cycles, the company strategically
harvests its high-quality timberlands to produce durable revenue
growth and takes advantage of proximate mill markets, which provide
a reliable outlet for merchantable inventory. Headquartered in
Atlanta and focused exclusively on
timberland ownership and management, CatchMark began operations in
2007 and owns interests in 1.6 million acres* of timberlands
located in Alabama, Florida, Georgia, North
Carolina, Oregon,
South Carolina, Tennessee and Texas. For more information, visit
www.catchmark.com.
* As of December 31, 2018
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SOURCE CatchMark Timber Trust, Inc.