Sun Communities, Inc. announced that its planned Chief Financial Officer succession, with Fernando Castro-Caratini, current Senior Vice President, Finance & Capital Markets, assuming the role of Executive Vice President, Chief Financial Officer on May 2, 2022. At that time, Karen Dearing, the company's current CFO, will begin serving as Executive Vice President, Special Projects, focusing on the integration of the company's UK acquisitions and other key initiatives. Fernando Castro-Caratini joined Sun Communities in November 2016 and currently serves as Senior Vice President, Finance & Capital Markets.

In this role, Mr. Castro-Caratini has set operational, financial, corporate M&A, and public communication strategies in addition to managing Sun's investor, research analyst, investment bank and lender relationships. Before joining Sun, Mr. Castro-Caratini was with Citigroup in the Real Estate & Lodging Investment Banking group where he executed on a broad range of transactions for real estate and lodging clients focusing primarily on strategic advisory, including M&A and initial public offerings.