Redwood Trust, Inc. announced that Marty Hughes will retire as Chief Executive Officer and as a member of the Board of Directors effective on May 22, 2018. Following his retirement, Mr. Hughes will continue to serve in an advisory role at Redwood for a period of two years. Redwood also announced that upon Mr. Hughes' retirement, Christopher J. Abate will be named as Redwood's Chief Executive Officer and Dashiell I. Robinson will be promoted to serve as Redwood's President.

Mr. Abate has also been appointed to serve as a member of Redwood's Board of Directors, effective December 4, 2017. Mr. Hughes has served as a member of Redwood's Board of Directors since January 2011 and in various officer roles at Redwood for more than a decade. He has served as Redwood's CEO since May 2010.

Mr. Abate has served as Redwood's President since July 2016. He served as Redwood's Chief Financial Officer from March 2012 until August 2017 and as its Controller from January 2009 to March 2013. Mr. Robinson joined Redwood in September 2017 as its Executive Vice President.