Colony Credit Real Estate (CLNC) Announces Appointment of New CFO and Treasurer

Colony Credit Real Estate, Inc. (NYSE: CLNC) (the “Company”) today announced the appointment of Frank V. Saracino as Chief Financial Officer and Treasurer of the Company, effective January 1, 2021.

The Board of Directors of the Company have unanimously approved the appointment of the Company’s Chief Accounting Officer, Frank V. Saracino, 54, as Chief Financial Officer and Treasurer of the Company. Mr. Saracino will continue as the Chief Accounting Officer of the Company. “We are fortunate to have Frank elevate in his role and continue to provide comprehensive financial, accounting and reporting leadership and experience to the Company,” said Michael J. Mazzei, Chief Executive Officer and President. “I’d also like to thank Neale Redington for his able leadership, as he’s been a valuable part of our team and I wish him the best in his future role at Colony Capital.”

Mr. Saracino serves as Managing Director at Colony Capital where his responsibilities include financial accounting and reporting for certain Colony Capital managed real estate investment trusts and vehicles as Chief Financial Officer. Prior to joining a predecessor of the Colony business in 2015, Mr. Saracino was a managing director with Prospect Capital Corporation where he served from inception as Chief Financial Officer of its real estate investment trust subsidiaries and registered closed-end investment companies. From 2008 to 2012, Mr. Saracino was a Managing Director and America’s co-head of finance at Macquarie Group, and 2004 to 2008 he was Chief Accounting Officer of eSpeed, Inc., a publicly-traded subsidiary of Cantor Fitzgerald. Mr. Saracino started his career at Coopers & Lybrand where he earned a CPA, and subsequently worked in corporate finance at Deutsche Bank. Mr. Saracino holds a Bachelor of Science degree from Syracuse University.

Effective January 1, 2021, Neale W. Redington resigned from all positions at the Company, including Mr. Redington’s position as Chief Financial Officer and Treasurer of the Company, to transition to Chief Financial Officer of Colony Capital’s non-digital business segments.

You May Also Be Interested In

• Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
• SilverBow Resources (SBOW) Sends Letter to Shareholders Highlighting Path Forward for Value Creation
• Beneficient (BENF) Responds to Claims Made by GWG Litigation Trustee