Redwood Trust Announces the Appointment of Doneene Damon to its Board of Directors
November 02 2023 - 4:20PM
Business Wire
Redwood Trust, Inc. (NYSE: RWT; “Redwood”, or the “Company”), a
leader in expanding access to housing for homebuyers and renters,
today announced that Doneene K. Damon has been appointed to its
Board of Directors (the “Board”). Ms. Damon joined the Board
effective November 2, 2023.
“We are pleased to welcome Doneene to the Board as an
independent director,” said Greg Kubicek, Chair of Redwood’s Board
of Directors. “Doneene brings more than three decades of experience
as a trusted advisor to corporate clients, an extensive background
in both traditional and innovative structured finance and capital
markets transactions, and significant leadership experience across
a variety of private sector and non-profit organizations. We look
forward to her contributions and welcome her voice and perspectives
as we continue to pursue refreshment as part of our succession
planning initiatives at the Board level."
Ms. Damon is a practicing attorney as a Director of Richards,
Layton & Finger, P.A., a multi-disciplinary law firm based in
Wilmington, Delaware, which she joined in 1992. Ms. Damon served as
the President of Richards, Layton & Finger from 2019 to 2022,
and currently serves as Chair of the firm’s Corporate Trust and
Agency Services Group and as Chief Diversity Director. Ms. Damon
also currently serves on the Board of Directors of Brown Advisory
Delaware Trust Company and as a board member of the Structured
Finance Association, the Forum of Executive Women, and the Delaware
Business Roundtable. Ms. Damon’s commitment to public service and
nonprofit organizations includes current or past service as a
member of Delaware’s Judicial Nominating Commission, the Delaware
Prosperity Partnership, and the Delaware Bench and Bar Diversity
Project. Ms. Damon previously served as the Chair of the Board of
Directors of Christiana Care Health System, Inc. and Health
Services, Inc., and she currently serves on the Board of Directors
of St. Joseph’s University and is a member of the Board of Visitors
of Temple University’s Beasley School of Law and a member of the
Board of Visitors of St. Joseph’s HAUB School of Business. Ms.
Damon holds a B.S. in Accounting from St. Joseph’s University in
Philadelphia and a J.D. from Temple University’s School of Law.
Ms. Damon is expected to stand for re-election to the Board at
the Company’s next Annual Meeting of Stockholders in May 2024. Ms.
Damon has been appointed to serve on the Board’s Compensation
Committee and Governance and Nominating Committee.
About Redwood Trust
Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company
focused on several distinct areas of housing credit. Our operating
platforms occupy a unique position in the housing finance value
chain, providing liquidity to growing segments of the U.S. housing
market not well served by government programs. We deliver
customized housing credit investments to a diverse mix of
investors, through our best-in-class securitization platforms;
whole-loan distribution activities; and our publicly traded shares.
Our aggregation, origination and investment activities have evolved
to incorporate a diverse mix of residential, business purpose and
multifamily assets. Our goal is to provide attractive returns to
shareholders through a stable and growing stream of earnings and
dividends, capital appreciation, and a commitment to technological
innovation that facilitates risk-minded scale. We operate our
business in three segments: Residential Mortgage Banking, Business
Purpose Mortgage Banking and Investment Portfolio. Additionally,
through RWT Horizons®, our venture investing initiative, we invest
in early-stage companies strategically aligned with our business
across the lending, real estate, and financial technology sectors
to drive innovations across our residential and business-purpose
lending platforms. Since going public in 1994, we have managed our
business through several cycles, built a track record of
innovation, and established a best-in-class reputation for service
and a common-sense approach to credit investing. Redwood Trust is
internally managed and structured as a real estate investment trust
("REIT") for tax purposes. For more information about Redwood,
please visit our website at www.redwoodtrust.com or connect with us
on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20231102479550/en/
Kaitlyn Mauritz SVP, Head of Investor Relations Phone:
866-269-4976 Email: investorrelations@redwoodtrust.com
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