Starwood Property Trust, Inc. announced that Doug Brien, co-chief executive officer, has been appointed chief executive officer and a member of the board of Trustees. Additionally, Charles Young, currently senior vice president - West Division, has been promoted to chief operating officer. The company also announced that Gary Beasley, co-chief executive officer, will resign his position effective April 3, 2015, to pursue other opportunities.

Beasley will also resign from the board of trustees effective March 25, 2015. Separately, Colin Wiel, chief investment officer, will resign his position with the company effective April 3, 2015. He will remain a trustee on the board.

Brien has served as co-chief executive officer of the company since its spin-off from Starwood Property Trust Inc. in early 2014. He is a co-founder of Waypoint and has served as one of its managing directors since its founding in 2009. Brien was recently selected as one of the 'Top 100 Most Innovative Entrepreneurs' by Goldman Sachs and was a winner of the Northern California Ernst & Young Entrepreneur of the Year.

With 20 years of commercial real estate experience, Young has served as senior vice president - West Division since January 2014, currently responsible for seven operating regions. He joined the company in May 2012 as a regional director, followed by division vice president.