Ladder Capital Corp: appoints Paul Miceli as CFO
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the appointment of Paul J. Miceli as Chief Financial Officer, effective March 1, 2021. Mr. Miceli, Chief Financial Officer of Ladder, will succeed Marc Fox, who has announced his intention to leave the Company. Mr. Fox will stay until May 7, 2021 to ensure an orderly transition.
Mr. Miceli joined Ladder in 2019 and worked alongside Mr. Fox and the management team on Ladder’s long-term succession plan. Prior to joining Ladder, Mr. Miceli was Managing Director of the Accounting and Finance Group at Colony Capital, Inc., and previously Deputy Chief Financial Officer of NorthStar Asset Management Group and Director of Real Estate Audit Practice at Ernst & Young. LLP. Mr. Miceli is a Chartered Accountant and graduated with a BA in Accounting from the University of Delaware.
“I am delighted to welcome Paul to the senior management team,” said Brian Harris, President and CEO of Ladder. “Since joining Ladder, Paul has worked very closely with senior management on all issues, including during the height of the COVID crisis, so we are confident in a smooth transition. His appointment as CFO is a natural extension of his responsibilities and reflects his role as a trusted leader within the company.
“On behalf of our Board of Directors and all Ladder employees, I thank Marc for his incredible contributions to Ladder. Since the inception of the company, he has been a great partner, leader, mentor and friend, ”said Mr. Harris. “We wish Marc all the best in the next chapter of his life.”
About the ladder
Ladder Capital Corp is an internally managed commercial real estate investment trust with over $ 6 billion in assets. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation’s leading providers of commercial real estate capital, we specialize in underwriting commercial real estate and offering flexible capital solutions within a sophisticated platform.
Ladder creates and invests in a diversified portfolio of commercial and real estate-related real estate assets, with a focus on senior secured assets. Our investing activities include: (i) our core business of providing fixed and variable rate first mortgage loans secured by commercial real estate with flexible lending structures; (ii) invest in high quality securities secured by first mortgage loans on commercial real estate; and (iii) owning and operating commercial real estate, including net leased commercial property.
Founded in 2008 and led by Brian Harris, the Chief Executive Officer of the Company, Ladder is led by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. Ladder’s management and board are very close to the company’s investors, holding over 10% of the company’s equity.