DENVER, Oct. 11, 2021 /PRNewswire/ -- Farmland Partners
Inc. (NYSE: FPI) ("Farmland Partners" or the "Company") today
announced the appointment of Luca Fabbri as President of the
Company, effective immediately. Mr. Fabbri's responsibilities
will include portfolio management, new growth initiatives, capital
markets and investor relations, and he will continue to report
directly to the Chairman and Chief Executive Officer. Prior
to his appointment as President, Mr. Fabbri served as Chief
Financial Officer and Treasurer of the Company since its
inception. Prior to co-founding Farmland Partners, Mr. Fabbri
spent over 20 years as an entrepreneur and executive in finance,
technology and agriculture.
"Luca helped found Farmland Partners and has been instrumental
in helping grow the Company in his role as Chief Financial Officer.
As President he will focus on accelerating that growth," commented
Chairman and Chief Executive Officer Paul
Pittman.
In connection with Mr. Fabbri's appointment as President, the
Company announced that it has appointed James Gilligan as
Chief Financial Officer and Treasurer, effective immediately. Mr.
Gilligan's responsibilities will include overseeing the Company's
finance, accounting, treasury, financial planning, and SEC
reporting functions. Mr. Gilligan will report directly to the
Chairman and Chief Executive Officer. Mr. Gilligan joined
Farmland Partners in 2021 as a Consultant, and later as a Vice
President in the finance department, after eight years with Equity
International, the private equity firm founded by Sam Zell. Mr. Gilligan served in various
roles at Equity International, including Chief Financial Officer,
Chief Compliance Officer, and Senior Vice President. Prior to
Equity International, Mr. Gilligan was an investment professional
for Equity Group Investments, the Chicago-based private investment firm founded
and led by Sam Zell, and an
investment banker for Merrill Lynch & Co.
"James brings a strong track record of driving results and
accelerating growth, and we are thrilled to welcome him to our
executive team. He complements our strong
performance-oriented culture, and we believe his impressive
reputation for execution and achieving results makes him the right
choice to lead our finance function," said Paul Pittman. "With Luca's appointment as
President, and James taking on the role of CFO, we have a strong
management team in place to continue the execution of our strategy
to drive revenue growth and the continued expansion of our
portfolio."
About Farmland Partners Inc.
Farmland Partners Inc. is an internally managed real estate
company that owns and seeks to acquire high-quality North American
farmland, makes loans to farmers secured by farm real estate, and
manages farmland for third parties. As of the date of this release,
the Company owns and/or manages approximately 166,000 acres in 16
states, including Alabama,
Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North
Carolina, South Carolina,
South Dakota and Virginia. We have approximately 26 crop types
and over 100 tenants. The Company elected to be taxed as a real
estate investment trust, or REIT, for U.S. federal income tax
purposes, commencing with the taxable year ended December 31, 2014. Additional
information: www.farmlandpartners.com or (720)
452-3100.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the federal securities laws. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "may," "should," "could,"
"would," "predicts," "potential," "continue," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" or similar expressions or their negatives, as well as
statements in future tense. Although the Company believes that the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, beliefs and expectations, such
forward-looking statements are not predictions of future events or
guarantees of future performance and our actual results could
differ materially from those set forth in the forward-looking
statements. Some factors that might cause such a difference include
the following: general volatility of the capital markets and the
market price of the Company's common stock, changes in the
Company's business strategy, availability, terms and deployment of
capital, the Company's ability to refinance existing indebtedness
at or prior to maturity on favorable terms, or at all, availability
of qualified personnel, changes in the Company's industry, interest
rates or the general economy, adverse developments related to crop
yields or crop prices, the degree and nature of the Company's
competition, the timing, price or amount of repurchases, if any,
under the Company's share repurchase program, the ability to
consummate acquisitions or dispositions under contract and the
other factors described in the section entitled "Risk Factors" in
the Company's Annual Report on Form 10-K for the year ended
December 31, 2020, and the Company's
other filings with the Securities and Exchange Commission. Any
forward-looking information presented herein is made only as of the
date of this press release, and the Company does not undertake any
obligation to update or revise any forward-looking information to
reflect changes in assumptions, the occurrence of unanticipated
events, or otherwise.
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SOURCE Farmland Partners Inc.