Thomas Barrack, Jr. (Photo courtesy of USC) Thomas Barrack, Jr. (Photo courtesy ofUSC)

LOS ANGELES—Colony Capital Inc., in a shakeup of its executivesuite, reports that Richard Saltzman has resigned as CEO, presidentand a director of the company. He is being replaced by Thomas J.Barrack, Jr., the company's executive chairman, who has taken onthe additional role of CEO of the company.

Barrack has reassumed the position he had when he founded Colonyas a private company in 1991, and held until 2014 when Colonymerged into Colony Financial, Inc.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.