Ladder Capital Corp Announces Retirement of Michael Mazzei & His Appointment to the Board of Directors & Promotion of Pamela ...
June 22 2017 - 4:15PM
Business Wire
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR)
today announced that effective June 22, 2017, Michael Mazzei will
be retiring as President of Ladder to join the Company’s Board of
Directors and its Risk and Underwriting Committee. Co-founder
Pamela McCormack, 46, has been with Ladder since its inception in
2008 and will be promoted from Chief Operating Officer to
President.
“This new structure will provide for a seamless transition and
consistency in the management of Ladder,” said Brian Harris,
Ladder’s Chief Executive Officer. “Mike will remain a valuable
resource in his new role and Pamela, a trusted leader who has
played a pivotal role in our success and growth, will continue to
be a driving force of Ladder’s progress.”
About Ladder
Ladder is an internally-managed real estate investment trust
that is a leader in commercial real estate finance. Ladder
originates and invests in a diverse portfolio of commercial real
estate and real estate-related assets, focusing on senior secured
assets. Ladder’s investment activities include: (i) direct
origination of commercial real estate first mortgage loans; (ii)
investments in investment grade securities secured by first
mortgage loans on commercial real estate; and (iii) investments in
net leased and other commercial real estate equity. Founded in
2008, Ladder is run by a highly experienced management team with
extensive expertise in all aspects of the commercial real estate
industry, including origination, credit, underwriting, structuring,
capital markets and asset management. Led by Brian Harris, the
Company’s Chief Executive Officer, Ladder is headquartered in New
York City and has branches in Los Angeles and Boca Raton.
Forward-Looking Statements
Certain statements in this release may constitute
“forward-looking” statements. These statements are based on
management’s current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results. These forward-looking statements are only
predictions, not historical fact, and involve certain risks and
uncertainties, as well as assumptions. Actual results, levels of
activity, performance, achievements and events could differ
materially from those stated, anticipated or implied by such
forward-looking statements. While Ladder believes that its
assumptions are reasonable, it is very difficult to predict the
impact of known factors, and, of course, it is impossible to
anticipate all factors that could affect actual results. There are
a number of risks and uncertainties that could cause actual results
to differ materially from forward-looking statements made herein
including, most prominently, the risks discussed under the heading
“Risk Factors” in the Company’s Annual Report on Form 10-K for the
year ended December 31, 2016, as well as its consolidated financial
statements, related notes, and other financial information
appearing therein, and its other filings with the U.S. Securities
and Exchange Commission. Such forward-looking statements are made
only as of the date of this release. Ladder expressly disclaims any
obligation or undertaking to release any updates or revisions to
any forward-looking statements contained herein to reflect any
change in its expectations with regard thereto or changes in
events, conditions, or circumstances on which any such statement is
based.
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Investor:Ladder Capital Corp Investor
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