Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers
Effective November 9, 2018, Sujan S. Patel resigned from all positions he held with
Colony Credit Real Estate, Inc. (the Company) and its subsidiaries, including Mr. Patels position as Chief Financial Officer and Treasurer of the Company, in order to pursue other opportunities. Such resignation did not
involve a disagreement with the Company on any matter relating to the Companys operations, policies or practices.
On November 9, 2018, the
Board of Directors of the Company unanimously approved the appointment of (i) Neale W. Redington as Chief Financial Officer and Treasurer of the Company and (ii) Frank V. Saracino to replace Mr. Redington as Chief Accounting Officer,
The following is a brief biographical summary for each of Mr. Redington and Mr. Saracino.
Neale W. Redington
, age 52, previously served as the Chief Accounting Officer of the Company between January 2018 and November 2018. In addition,
Mr. Redington serves as Managing Director and the Chief Accounting Officer of Colony Capital, Inc. (Colony Capital), where he is responsible for financial accounting and reporting for firm-sponsored investments and related
affiliates and subsidiaries of Colony Capital. Prior to joining the predecessor Colony Capital business in 2008, Mr. Redington was an audit partner in the real estate and hospitality practice of Deloitte & Touche LLP. During his twenty
years with Deloitte, Mr. Redington worked in both London and Los Angeles. Mr. Redington, a Certified Public Accountant (license inactive) and a Chartered Accountant in England & Wales, received a Bachelor of Commerce in Accounting
degree with Honors from the University of Birmingham in England.
Frank V. Saracino
, age 52, serves as Managing Director at Colony Capital where
his responsibilities include financial accounting and reporting for Colony Capital managed
real estate investment trusts and registered
reporting companies as Chief Financial Officer. Prior to joining a predecessor of the Colony business in 2015, Mr. Saracino was a Managing Director with Prospect Capital Corporation where he served from inception as Chief Financial Officer of
its real estate investment trust subsidiaries and registered
investment companies. From 2008 to 2012, Mr. Saracino was a Managing Director and Americas
of finance at Macquarie Group, and 2004 to 2008 he was Chief Accounting Officer of eSpeed, Inc., a publicly-traded subsidiary of Cantor Fitzgerald. Mr. Saracino started his career at
Coopers & Lybrand where he earned a CPA, and subsequently worked in corporate finance at Deutsche Bank. Mr. Saracino holds a Bachelor of Science degree from Syracuse University.