Apollo Commercial Real Estate Finance, Inc. Expands Board of Directors With Election of Pamela Carlton
July 26 2021 - 4:15PM
Apollo Commercial Real Estate Finance, Inc. (the “Company” or
“ARI”) (NYSE:ARI), today announced the Board of Directors (the
“Board”) of the Company elected Pamela Carlton to serve as an
independent director, effective July 22, 2021. Ms. Carlton joins a
recently expanded ARI Board, following the election earlier this
year of Carmencita Whonder at the Company’s Annual Meeting. Ms.
Carlton’s election brings the total number of board members to ten,
six of whom are independent directors. She will serve as a member
of the Compensation Committee.
Commenting on the expanded Board, Michael
Salvati, non-executive Chairman of the Board of ARI, said: “We are
thrilled to welcome Pamela and Carmencita, who joined us earlier
this year, to the Board of ARI. Both women are seasoned executives
and we believe ARI will benefit greatly from their insight and
expertise.”
Ms. Carlton is the President of Springboard –
Partners in Cross Cultural Leadership, LLC. After 22 years as an
investment banker on Wall Street, Ms. Carlton launched Springboard,
a diversity, equity and inclusion strategy and consulting firm.
Prior to founding Springboard, Ms. Carlton retired as a Managing
Director and Associate Director of U.S. Equity Research at JPMorgan
Chase, having also served as Director of U.S. Equity Research for
Chase Asset Management. Prior to JPMorgan Chase, Pamela was an
investment banker with Morgan Stanley and served as Morgan
Stanley’s Co-Director of U.S. and Latin America Equity Research.
She began her career as a corporate attorney at Cleary Gottlieb
Steen & Hamilton. Ms. Carlton also serves on the Board of
Directors of Evercore (NYSE: EVR), the Board of Directors of
Columbia Threadneedle Investments (the mutual fund board of
Ameriprise), the Board of Directors of DR Bank and the Board of
Directors of New York Presbyterian Hospital. She is a member of the
Women’s Forum of New York. Ms. Carlton earned a B.A. from Williams
College, graduating Magna Cum Laude, was a member of the Phi Beta
Kappa Society and was elected as President of the Willams College
Phi Beta Kappa Society. She also earned a J.D. from Yale Law School
and an M.B.A. from Yale School of Management.
Ms. Whonder serves as Policy Director at the
lobbying and law firm of Brownstein Hyatt Farber Schreck, LLP. She
also founded OF WHONDER, a size inclusive luxury womenswear brand,
and is chief executive officer of Whonder Apparel Group, LLC.
Previously, Ms. Whonder served as the staff director for the Senate
Subcommittee on Housing, Transportation, and Community Development
and as the principal advisor on the Senate Banking, Housing and
Urban Affairs Committee to United States Senator Charles E.
Schumer. During the 109th Congress, she held the position of
Minority Staff Director for the Senate Subcommittee on Economic
Policy. Ms. Whonder has also worked as a Leadership Education
Counselor for Gates Millennium Scholars Program/UNCF, an initiative
of the Bill and Melinda Gates Foundation. Ms. Whonder currently
serves on the Board of Directors at Direct ChassisLink, Inc. as
well as the Board of Directors of the DC Jazz Festival. Ms. Whonder
has a B.A. from Howard University, a diploma from the Universidad
Pontificia de Salamanca and a Masters in International Public
Policy from Johns Hopkins University.
About Apollo Commercial Real Estate
Finance, Inc. Apollo Commercial Real Estate Finance, Inc.
(NYSE: ARI) is a real estate investment trust that primarily
originates, acquires, invests in and manages performing commercial
first mortgage loans, subordinate financings and other commercial
real estate-related debt investments. The Company is externally
managed and advised by ACREFI Management, LLC, a Delaware limited
liability company and an indirect subsidiary of Apollo Global
Management, Inc., a high-growth, global alternative asset manager
with approximately $461 billion of assets under management at March
31, 2021.
Additional information can be found on the
Company's website at www.apolloreit.com.
Forward-Looking
StatementsCertain statements contained in this press
release constitute forward-looking statements as such term is
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and such statements are intended to be covered by the safe harbor
provided by the same. Forward-looking statements are subject to
substantial risks and uncertainties, many of which are difficult to
predict and are generally beyond the Company's control. These
forward-looking statements include information about possible or
assumed future results of the Company's business, financial
condition, liquidity, results of operations, plans and objectives.
When used in this release, the words believe, expect, anticipate,
estimate, plan, continue, intend, should, may or similar
expressions, are intended to identify forward-looking statements.
Statements regarding the following subjects, among others, may be
forward-looking: macro- and micro-economic impact of the COVID-19
pandemic; the severity and duration of the COVID-19 pandemic;
actions taken by governmental authorities to contain the COVID-19
pandemic or treat its impact; the impact of the COVID-19 pandemic
on the Company’s financial condition, results of operations,
liquidity and capital resources; market trends in the Company’s
industry, interest rates, real estate values, the debt securities
markets or the general economy; the timing and amounts of expected
future fundings of unfunded commitments; the return on equity; the
yield on investments; the ability to borrow to finance assets; the
Company’s ability to deploy the proceeds of its capital raises or
acquire its target assets; and risks associated with investing in
real estate assets, including changes in business conditions and
the general economy. For a further list and description of such
risks and uncertainties, see the reports filed by the Company with
the Securities and Exchange Commission. The forward-looking
statements, and other risks, uncertainties and factors are based on
the Company's beliefs, assumptions and expectations of its future
performance, taking into account all information currently
available to the Company. Forward-looking statements are not
predictions of future events. The Company disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
CONTACT: |
Hilary
GinsbergInvestor Relations Investor
Relations (212) 822-0767 |
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