Silver Bay Realty Trust Corp. Announces Realignment of Finance Functions
September 29 2016 - 3:18PM
Business Wire
Silver Bay Realty Trust Corp. (NYSE:SBY) announced today it is
realigning its finance functions under Julie M. Ellis and Griffin
P. Wetmore.
Ms. Ellis, the Company’s Chief Accounting Officer, will have
responsibilities for accounting, tax, and financial policy matters.
Mr. Wetmore, the Company’s Executive Vice President of Finance,
will have responsibilities for the Company’s capital strategy and
execution and its treasury and investor relations functions.
“Julie and Griffin have been terrific leaders at Silver Bay
since inception,” said Thomas W. Brock, Chief Executive Officer.
“We are lucky to have such talented individuals with deep knowledge
of our business guiding Silver Bay’s finance and investor relations
functions into the future.”
The changes in responsibilities coincide with the departure of
Chief Financial Officer Christine Battist from the Company,
effective immediately. “Christine did a terrific job building out
our finance and accounting functions from scratch,” said Mr. Brock.
“We thank her for her many contributions to Silver Bay and wish her
the best in her future endeavors.” Ms. Battist’s departure is not
the result of any dispute or disagreement with Silver Bay,
including any matters relating to the Company’s accounting
practices or financial reporting.
About Julie M. Ellis and Griffin P. Wetmore
Ms. Ellis has served as Chief Accounting Officer since February
15, 2016 and as Corporate Controller for the Company since
September 2012. Ms. Ellis has spent the breadth of her career in
financial reporting and accounting roles. From 2009 to 2012, she
served in various financial roles, including International
Controller at Merrill Corporation, a privately held company. From
2007 to 2009, Ms. Ellis worked as a consultant on Sarbanes-Oxley
implementations and internal audit engagements for various real
estate companies. From 2004 to 2007, Ms. Ellis served as Director
of Internal Audit for America First Apartment Investors, Inc. a
multi-family REIT previously traded on NASDAQ, where she led the
company’s inaugural Sarbanes-Oxley design and implementation and
also served as Corporate Controller. Prior to 2004, Ms. Ellis
worked in public accounting for nine years with both Deloitte &
Touche, LLP and Hamilton Misfeldt & Company. Ms. Ellis
graduated from St. Cloud State University with a B.S. in Accounting
and is a certified public accountant.
Mr. Wetmore has served as the Company’s Executive Vice President
of Finance since February 15, 2016 and in various other roles since
January 2012, including as Director of Business Development. In
these roles, Mr. Wetmore was part of the Company’s management team;
provided business development and capital markets services to
Silver Bay; and helped to execute Silver Bay’s financing strategies
and M&A transactions. Prior to joining the Company, Mr. Wetmore
was an Associate at the investment bank Credit Suisse. He received
a B.A. in Economics from the University of Chicago.
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, South Carolina 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 the company at the SEC's
website 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/20160929006295/en/
Silver Bay Realty Trust Corp.Griffin Wetmore,
952-358-4400investors@silverbaymgmt.com
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