Silver Bay Realty Trust Corp. Names Thomas Brock Chief Executive Officer
June 21 2016 - 4:00PM
Business Wire
Silver Bay Realty Trust Corp. (NYSE: SBY) today
announced that its board of directors had appointed Thomas W. Brock
as President and Chief Executive Officer. Mr. Brock has served as
Interim President and Chief Executive Officer of Silver Bay since
January 19, 2016, and joined the company's board in connection with
its initial public offering in December 2012.
“Tom Brock brings extensive business leadership and executive
management experience as well as a deep knowledge of our company to
his role as President and CEO,” said Irvin Kessler, Chair of the
company’s board of directors. “We conducted a thorough search and
chose Tom to lead Silver Bay forward. Under Tom’s leadership as
Interim President and Chief Executive Officer, Silver Bay has
demonstrated continued progress in driving increased cash flows
with an intense focus on operational excellence. Tom has
demonstrated he is the right person to guide Silver Bay, and we
could not be more pleased to appoint a person of his caliber to
lead the company.”
“Over the past five months, I have enjoyed working closely with
our executive team touring our properties across many of our
markets and gaining a deeper appreciation for Silver Bay’s
operations as well as opportunities in the industry,” said Mr.
Brock. “Silver Bay has an exceptional real estate asset base, an
outstanding operating platform, an experienced team and a
commitment to being a best-in-class operator. I am thrilled to have
the opportunity to lead this organization as we continue to execute
on our priorities of improved operational efficiencies and
increased cash flow generation.”
Thomas W. Brock Biography
Mr. Brock has served as Silver Bay’s Interim President and Chief
Executive Officer and member of the Board since January 19, 2016.
Prior to that time he served on Silver Bay’s Board as Lead
Independent Director and Chair of the Compensation Committee since
its initial public offering in December 2012. From 2006 until the
end of 2012, Mr. Brock was the Chief Executive Officer of Stone
Harbor Investment Partners, a fixed income investment manager
focused on credit and multi-sector allocation strategies and, in
that role, served as a trustee of a Stone Harbor’s closed-end fund
and five Stone Harbor’s open-end funds. Mr. Brock currently serves
as a director of Liberty All-Star Growth Fund, Inc. and as a
trustee of Liberty All-Star Equity Fund, each a closed end fund,
and has served in those roles since 2005. Mr. Brock currently
serves as an independent trustee of EQ Advisors Trust and has
served in this role since January 1, 2016. Prior to joining Stone
Harbor Investment Partners, Mr. Brock was an adjunct professor of
Finance at Columbia University Graduate School of Management from
1998 to 2005, where he taught courses relating to money management
and investment banking. From 1974 to 1998, Mr. Brock held various
positions with Salomon Brothers Inc., including Chief Executive
Officer of Salomon Brothers Asset Management, Chief Administrative
Officer, and Director of Global Research. Mr. Brock received an
M.B.A. from Northwestern University Kellogg School of Management
and a B.S. from Miami University.
Silver Bay Realty Trust Corp.
Silver Bay Realty Trust Corp. is an internally managed Maryland
corporation focused on the acquisition, renovation, leasing and
management of single-family properties for rental income and
long-term capital appreciation. Silver Bay owns single-family
properties in Arizona, California, Florida, Georgia, Nevada, North
Carolina, Ohio and Texas. Silver Bay has elected to be taxed as a
REIT for U.S. federal tax purposes. Additional information can also
be found on the company’s website: www.silverbayrealtytrustcorp.com.
Additional Information
Stockholders of Silver Bay, and other interested persons, may
find additional information regarding Silver Bay at the SEC's
Internet site at www.sec.gov or by directing requests to: Silver
Bay Realty Trust Corp., Attn: Investor Relations, 3300 Fernbrook
Lane North, Suite 210, Plymouth, MN 55447, telephone (952)
358-4400.
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version on businesswire.com: http://www.businesswire.com/news/home/20160621006523/en/
Silver Bay Realty Trust Corp.Christine Battist, Chief Financial
Officer952-358-4400investors@silverbaymgmt.com
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