Retail Opportunity Investments Corp. Announces Changes to Board of Directors
December 15, 2021 at 09:10 am EST
The Board of Directors of Retail Opportunity Investments Corp. announced that it has concluded the Board refreshment and governance review it launched after its 2021 Annual Meeting and has appointed Zabrina Jenkins and Adrienne Banks Pitts as independent directors, effective December 15, 2021, and has adopted a Bylaw amendment to enhance stockholder rights. In addition, director Charles Persico has advised the Board that he will not stand for re-election to the Board at ROICs next annual meeting. Ms. Jenkins is Senior Vice President and Deputy General Counsel of Starbucks Corporation. Ms. Pitts is Managing Director, General Counsel and Corporate Secretary of Loop Capital, LLC, the largest minority-owned investment bank and broker dealer in the United States, including its investment management joint venture with Magic Johnson Enterprises, known as JLC Infrastructure. ROIC also announced that director Charles Persico has advised the Board that he will not stand for re-election to the Board at ROICs 2022 annual meeting. After that annual meeting, the ROIC Board will consist of nine directors, seven of whom will be independent. ROIC also announced now that the Board has enhanced the rights of stockholders by providing that stockholders may amend the companys Bylaws.