Kennedy-Wilson Holdings, Inc. Announces Board Appointments
February 05, 2018 at 04:21 pm EST
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On February 5, 2018, the board of directors of Kennedy-Wilson Holdings, Inc., upon the recommendation of the company’s Nominating Committee, elected Mr. John Taylor and Ms. Mary Ricks as new directors of the company, effective February 5, 2018. Mr. Taylor will serve as a member of the class of directors whose term will expire at the 2019 annual meeting of stockholders of the Company. Ms. Ricks will serve as a member of the class of directors whose term will expire at the 2020 annual meeting of stockholders of the company. Prior to his retirement in 2011, Mr. Taylor served as the senior audit partner in KPMG LLP’s (“KPMG”) financial services practice based in Los Angeles, CA. Ms. Ricks currently serves as the president and CEO of Kennedy Wilson Europe. Given her role at the company, Ms. Ricks will not be eligible to serve on any committees of the Board.
Kennedy-Wilson Holdings, Inc. is a global real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. It also has a debt platform focused on construction lending secured by multifamily and student housing properties throughout the United States. The Company focuses on multifamily and office properties, as well as industrial and debt investments in its Investment Management business in the Western United States, United Kingdom and Ireland. Its operations are defined by two business segments: its Consolidated Portfolio and Co-Investment Portfolio. Investment activities in the Consolidated Portfolio involve ownership of multifamily units, office, and retail space and one hotel. The Co-Investment Portfolio consists of the co-investments in real estate and real estate-related assets, including loans secured by real estate; fees, and performance allocations that it earns on its fee bearing capital.