Angeles Corp. announced the appointment of Carroll...

Angeles Corp. announced the appointment of Carroll D. Vinson as president and chief executive. He was also elected a director of the company.

Vinson succeeds William H. Elliott, who announced last November that he would be stepping down as chief executive to spend half of his time as a senior executive with Insignia Financial Group Inc. Elliott will remain chairman of the board and is now the largest stockholder of the Los Angeles-based company.

Vinson was most recently president of Insignia Capital Corp., a unit of Insignia Financial Group Inc. He was president of U.S. Shelter Corp. prior to joining Insignia in 1990.