Colony Capital’s Barrack Steps Down as Executive Chairman

Tom BarrackPhotographer: Patrick T. Fallon/Bloomberg
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Colony Capital Inc. founder Tom Barrack is taking another step back from the firm, relinquishing his role as executive chairman.

Barrack, 73, who left the chief executive officer post last year, will retain a director role at the company he founded, while Nancy Curtin, already a Colony director, will become non-executive chairman effective April 1, the company said in a statementBloomberg Terminal late Tuesday.