PHOENIX, Feb. 23, 2021 /PRNewswire/ -- VEREIT, Inc.
("VEREIT" or the "Company"), a full-service real estate operating
company which owns and manages one of the largest portfolios of
single-tenant commercial properties in the U.S., announced the
appointment of Priscilla Almodovar
and Susan Skerritt to the
Company's Board of Directors ("Board"). The appointments of
the two new Independent Directors are effective immediately
following the expected filing of VEREIT's 2020 Annual Report on
Form 10-K ("Annual Report") on Wednesday,
February 24, 2021, and expands the Board to include nine
members.
"We are pleased to have Priscilla and Susan join VEREIT's
well-qualified Board of Directors. They bring real estate industry
tenure, financial expertise and collaborative leadership qualities
to VEREIT's Board. The diverse and knowledgeable perspectives
brought by these additions will help us, and certainly me, in
making the appropriate decisions moving forward," said Glenn Rufrano, VEREIT's Chief Executive
Officer.
Priscilla Almodovar
Ms. Almodovar is the President and Chief Executive Officer of
Enterprise Community Partners. This social enterprise with
1,200 employees has invested $53
billion in communities nationwide to address affordable
housing solutions, racial equity initiatives and the accessibility
to investment capital products. Ms. Almodovar is a former
Managing Director at JP Morgan Chase, where she led national real
estate businesses for their commercial bank which focused in
commercial real estate and community development. Previously, she
was the President and Chief Executive Officer of New York state's housing finance and mortgage
agencies. Prior to that, Ms. Almodovar was a corporate partner at
the global law firm, White & Case LLP. Ms. Almodovar serves on
the board of Bellwether Enterprise Real Estate Capital, LLC, a
private full-service commercial and multifamily mortgage banking
company. Ms. Almodovar has also served as the co-chair of the
New York State Health Innovation
Council, an advisory body of the New York
State Department of Health. Fortune and Hispanic Business
have included her in the most powerful Hispanic business leader
rankings over the years. Ms. Almodovar received her J.D. from
Columbia University School of Law and
her B.A. in Economics from Hofstra
University.
Susan Skerritt
Ms.
Skerritt was the Chairman, CEO and President of Deutsche Bank Trust
Company Americas. Previously, she led the transaction banking
businesses in North and South
America for Deutsche Bank. Prior to that, Ms. Skerritt was
an Executive Member of the Board of Directors of Bank of New York
Mellon Trust Company, N.A. and served as an Executive Vice
President in a variety of roles in the cash management, trade
finance, and securities servicing businesses. She also served as an
Independent Director of Royal Bank of Canada USA. Currently, Ms. Skerritt serves on the
Board of Trustees of Hamilton College
and was previously its Vice Chairman. She is also a Director of The
Brooklyn Hospital Center and serves as the Board's Vice Chairman.
She is an Independent Director of Tanger Factory Outlet Centers,
Inc., an Independent Director of the Falcon Group, an Independent
Director of the Community Bank System and is a Senior Advisor to
Promontory Financial Group, an IBM company. Ms. Skerritt was
included in the WomenInc.'s Most Influential Corporate Board
Directors in 2019 and American Banker's Most Powerful Women in
Banking ranking for multiple years. Ms. Skerritt received her B.A.
in Economics from Kirkland (Hamilton)
College and received her M.B.A. in Finance and International
Business from New York University's
Stern School of Business.
About the Company
VEREIT is a full-service real estate
operating company which owns and manages one of the largest
portfolios of single-tenant commercial properties in the U.S. As of
December 31, 2020, VEREIT had total
real estate investments of $14.6
billion including approximately 3,800 properties and 89.5
million square feet. VEREIT's business model provides equity
capital to creditworthy corporations in return for long-term leases
on their properties. VEREIT is a publicly traded Maryland corporation listed on the New York
Stock Exchange. VEREIT uses, and intends to continue to use,
its Investor Relations website, which can be found at
www.VEREIT.com, as a means of disclosing material nonpublic
information and for complying with its disclosure obligations under
Regulation FD. Additional information about VEREIT can be found
through social media platforms such as Twitter and LinkedIn.
Forward-Looking Statements
Information set forth
herein contains forward-looking statements, which reflect VEREIT's
expectations regarding future results, events and plans, including
expectations regarding the appointment of Mses. Almodovar and
Skerritt and filing of VEREIT's 2020 Annual Report on Form 10-K.
Generally, the words "anticipates," "assumes," "believes,"
"continues," "could," "estimates," "expects," "goals," "intends,"
"may," "plans," "projects," "seeks," "should," "targets," "will,"
variations of such words and similar expressions identify
forward-looking statements. These forward-looking statements are
based on information currently available and involve a number of
known and unknown assumptions and risks, uncertainties and other
factors, which are difficult to predict and beyond VEREIT's
control, that could cause actual events and plans or could cause
VEREIT's business, financial condition, liquidity and results of
operations to differ materially from those expressed or implied in
the forward-looking statements. These factors include the
risks and uncertainties detailed from time to time in VEREIT's
filings with the U.S. Securities and Exchange Commission (the
"SEC"), which are available at the SEC's website at
www.sec.gov. VEREIT disclaims any obligation to publicly
update or revise any forward-looking statements contained in this
press release, whether as a result of changes in underlying
assumptions or factors, new information, future events or
otherwise, except as required by law.
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SOURCE VEREIT Services Inc