Mack-Cali changes.

Mack-Cali Realty Corporation announced that Timothy M. Jones has resigned as president to pursue private investment opportunities.

His duties will be assumed by other senior officers at the company, according to an official statement.

In addition to his title of Chief Executive Officer, Mitchell E. Hersh will assume the title of president.

Hersh commented, "Tim has been a valued member of the Mack-Cali team over the past seven years."

Additional management responsibility will be assumed by Michael Grossman, executive vice president, who will have responsibility for leasing and acquisitions.

Barry Lefkowitz, executive rice president and chief financial officer; Anthony Krug, senior vice president of finance; and Roger Thomas, executive rice president, general counsel and secretary.

"We have a deep management team at Mack-Cali that is committed to our strategic plan of serving our tenants and growing in our core Northeast markets," Hersh said.

Jones' is the second high-profile resignation from the New Jersey powerhouse this year.

In January, Earle I. Mack, a senior partner at Mack-Cali, resigned from the company's board of directors "to pursue other career goals."