Jernigan Capital, Inc. Promotes Kelly Luttrell to Chief Financial Officer
March 28 2017 - 4:45PM
Business Wire
Jernigan Capital, Inc. (the “Company”) (NYSE:JCAP) today
announced the promotion of Ms. Kelly P. Luttrell to Senior Vice
President, Chief Financial Officer and Treasurer, effective May 3,
2017. Ms. Luttrell will also serve as Senior Vice President, Chief
Financial Officer and Treasurer of the Company’s advisor. Ms.
Luttrell succeeds William C. Drummond, who will retire from the
Company. Mr. Drummond will continue to serve as the Company’s Chief
Financial Officer during the transition period, and thereafter has
agreed to provide consulting services to the Company’s advisor into
2018.
Dean Jernigan, Chairman of the Board and Chief Executive Officer
of the Company stated, “On behalf of the Board and the entire
Company, we are excited to announce the appointment of Kelly as our
CFO. Kelly has been with us since September 2015 and has an
intricate understanding of our business. Kelly has helped to build
a strong financial group at Jernigan Capital and has designed and
implemented internal controls, reporting protocols and accounting
practices that will further support our expected growth going
forward. Finally, on behalf of the Board and all of Jernigan
Capital, I want to thank Bill for his many contributions during his
tenure. He has been a great mentor to Kelly, and we are grateful to
have access to him in retirement. We wish him continued success in
the future.”
“The seamless transition of leadership of our finance function
marks another success in a recent string of successes for the
Company,” added John Good, President and Chief Operating Officer of
the Company. “Over the past year, we have sourced over $300 million
of new capital, reported substantial new value to our shareholders
from our investments in best-of-class new self-storage projects,
demonstrated ready access to public capital and maintained a large
investment pipeline for future value creation. Kelly has been a key
contributor to all of these significant achievements. We are
excited about the energy and expertise Kelly will bring to her new
role.”
Ms. Luttrell has extensive public company experience and has
served as the Company’s Corporate Controller since September 2015
and added the title Vice President of Financial Reporting in July
2016. Prior to joining the Company, Ms. Luttrell served as
Controller and Finance Director of MicroPort Orthopedics, Inc., a
global medical device manufacturer. Prior to joining MicroPort, Ms.
Luttrell was in the audit practice at Ernst & Young for 11
years, where she served in a leadership role on numerous audit
engagements for large publicly-traded clients, including clients in
the REIT industry. Ms. Luttrell obtained a master of accountancy
and a bachelor’s degree in business administration from Baylor
University and is a certified public accountant.
About Jernigan Capital, Inc.
Jernigan Capital, Inc. is a New York Stock Exchange-listed real
estate investment trust (NYSE: JCAP) that provides debt and equity
capital to private developers, owners, and operators of
self-storage facilities. Our mission is to be the preeminent
capital partner for self-storage entrepreneurs nationwide by
offering creative solutions through an experienced team
demonstrating the highest levels of integrity, dedication,
excellence and community, while maximizing shareholder value. The
Jernigan Capital team has extensive experience in over 100 U.S.
markets—from acquiring and managing self-storage properties to new
self-storage development—providing JCAP with knowledge unmatched by
any lender, broker or advisor to the sector. Jernigan Capital is
the only source of construction and development capital focused
solely on the self-storage sector.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170328006494/en/
Jernigan Capital, Inc.Investor Relations(901)
567-9580Investorrelations@jerningancapital.com
Jernigan Capital (NYSE:JCAP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Jernigan Capital (NYSE:JCAP)
Historical Stock Chart
From Apr 2023 to Apr 2024