Apollo Commercial Real Estate Finance, Inc. Expands Board of Directors With Election of Pamela Carlton
NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) – Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE: ARI) today announced its board of directors (the “Board”) of. known the company has elected Pamela Carlton as independent director with effect from July 22, 2021. Ms. Carlton joins a recently expanded ARI board of directors after Carmencita Whonder was elected at the company’s annual meeting earlier this year. The election of Ms. Carlton brings the total number of directors to ten, of which six are independent directors. She will serve as a member of the Compensation Committee.
Michael Salvati, non-executive chairman of the board of directors of ARI, said of the extended board: “We are very pleased to welcome Pamela and Carmencita, who joined us at the beginning of the year, to the board of directors of ARI. Both women are seasoned leaders and we believe ARI will benefit greatly from their insight and expertise. “
Ms. Carlton is the President of Springboard – Partners in Cross Cultural Leadership, LLC. After 22 years as an investment banker on Wall Street, Ms. Carlton founded Springboard, a strategy and consulting firm specializing in diversity, equity and inclusion. Prior to founding Springboard, Ms. Carlton retired as Managing Director and Associate Director of US Equity Research at JPMorgan Chase, after also serving as Director of US Equity Research for Chase Asset Management. Prior to JPMorgan Chase, Pamela was an investment banker at Morgan Stanley and co-director of US and Latin American equity research at Morgan Stanley. She began her career as a corporate attorney with Cleary Gottlieb Steen & Hamilton. Ms. Carlton also serves on the board of directors of Evercore (NYSE: EVR), the board of directors of Columbia Threadneedle Investments (the mutual fund board of directors of Ameriprise), the board of directors of DR Bank and the board of directors of New York Presbyterian Hospital. She is a member of the Women’s Forum of New York. Ms. Carlton earned a BA from Williams College, a Magna Cum Laude graduate, was a member of the Phi Beta Kappa Society, and was elected President of the Willams College Phi Beta Kappa Society. She also earned a JD from Yale Law School and an MBA from Yale School of Management.
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Ms. Whonder is a policy director at the lobbying and law firm Brownstein Hyatt Farber Schreck, LLP. She also founded OF WUNDER, a luxury size womenswear brand, and is the chief executive officer of Whonder Apparel Group, LLC. Ms. Whonder previously served as the chief of staff on the Senate Subcommittee on Housing, Transportation, and Community Development and the primary advisor to the Senate Committee on Banking, Housing, and Urban Development to US Senator Charles E. Schumer. During the 109th Congress she was the head of the Minority Staff of the Senate Subcommittee on Economic Policy. Ms. Whonder has also served as a leadership education consultant for the Gates Millennium Scholars Program / UNCF, an initiative of the Bill and Melinda Gates Foundation. Ms. Whonder currently serves on the Board of Directors of Direct ChassisLink, Inc. and the Board of Directors of the DC Jazz Festival. Ms. Whonder holds a BA from Howard University, a Diploma from Universidad Pontificia de Salamanca and a Masters in International Public Policy from Johns Hopkins University.
About Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily creates, acquires, invests, and manages commercial first mortgage loans, subordinated finance, and other commercial real estate-related debt investments. The company is externally managed and advised by ACREFI Management, LLC, a Delaware limited company and an indirect subsidiary of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $ 461 billion in assets under management March 31, 2021.
For more information, please visit the company’s website at www.apolloreit.com.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to cover statements in the safe haven it provides become. Forward-looking statements are subject to significant risks and uncertainties, many of which are difficult to predict and generally are beyond the control of the company. These forward-looking statements contain information about possible or anticipated future results of the business, financial condition, liquidity, results of operations, plans and goals of the company. The words believe, expect, anticipate, estimate, plan, continue, intend, should, can, or similar expressions used in this press release are intended to identify forward-looking statements. Statements on the following topics, among others, may be forward-looking: macro and microeconomic effects of the COVID-19 pandemic; the severity and duration of the COVID-19 pandemic; Actions by government agencies to contain the COVID-19 pandemic or address its effects; the impact of the COVID-19 pandemic on the company’s financial position, operating results, liquidity and capitalization; Market trends in the company’s industry, interest rates, property values, the debt markets, or the general economy; Timing and amount of expected future funding of unfunded obligations; the return on equity; the return on investment; the ability to borrow to finance assets; the company’s ability to use the proceeds of its capital increases or to acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of these risks and uncertainties, see the company’s filings with the Securities and Exchange Commission. The forward-looking statements and other risks, uncertainties and factors are based on the company’s beliefs, assumptions and expectations regarding its future performance, taking into account all information currently available to the company. Forward-looking statements are not predictions of future events. The company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information, future events or for any other reason, except as required by law.
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