{"id":409002,"date":"2021-01-05T16:18:35","date_gmt":"2021-01-05T21:18:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=409002"},"modified":"2021-01-05T16:18:35","modified_gmt":"2021-01-05T21:18:35","slug":"colony-capital-announces-series-of-corporate-actions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/colony-capital-announces-series-of-corporate-actions\/","title":{"rendered":"Colony Capital Announces Series of Corporate Actions"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Colony Capital Announces Series of Corporate Actions <\/b><\/p>\n<p class=\"bwalignc\"><i>Corporate Headquarters Transitions to Boca Raton, Florida<\/i><\/p>\n<p class=\"bwalignc\"><i>Select Corporate Personnel and Activities to Move to Boca Raton, the Long-Time Headquarters for Digital Colony, While Los Angeles to Remain Corporate Hub<\/i><\/p>\n<p class=\"bwalignc\"><i>Sonia Kim Appointed Chief Accounting Officer, Neale Redington Appointed Chief Financial Officer of Non-Digital Businesses, and Brian Lee Promoted to Corporate Treasurer<\/i><\/p>\n<p>BOCA RATON, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nColony Capital, Inc. (NYSE: CLNY) (\u201cColony\u201d or the \u201cCompany\u201d) today announced the relocation of its corporate headquarters from Los Angeles, California to Boca Raton, Florida, effective as of January 1, 2021. In addition, Colony announced the appointment of select corporate officers to new roles as part of its ongoing digital transformation.\n<\/p>\n<p>\nDigital Colony, the Company\u2019s digital infrastructure investment management business has been based in Boca Raton for over a decade. Colony\u2019s President and CEO, Marc Ganzi, and Executive Vice President and CFO, Jacky Wu, are already based out of Boca Raton. The transition is consistent with the Company\u2019s strategic realignment to an exclusive focus on digital infrastructure, which is now greater than 50% complete. The move also supports management\u2019s ongoing focus on streamlining the Company\u2019s corporate structure and realizing G&amp;A savings. Select corporate personnel and activities will transition to Florida, while the Company maintains its Los Angeles office to support its investment and corporate operations.\n<\/p>\n<p>\n\u201cWe are excited to strengthen our presence in Florida and make Boca Raton our official global headquarters,\u201d said Marc Ganzi. \u201cThe move reflects our business transformation and centers the business around our core digital infrastructure platform. Making this move improves efficiency, collaboration and cost-competitiveness, while providing an exceptional work environment for our employees. We will continue to have a meaningful presence in Los Angeles, with many key executives and staff based there.\u201d\n<\/p>\n<p>\nOn December 30, 2020, the Company completed a series of personnel changes as part of its ongoing digital transformation. The Board of Directors appointed Sonia Kim as the Company\u2019s Chief Accounting Officer, effective January 1, 2021. Ms. Kim has been with Colony since 2008 and prior to this appointment served as Managing Director, Finance &amp; Accounting. Neale Redington has been appointed Chief Financial Officer of the Company\u2019s non-digital businesses and Brian Lee has been promoted to Corporate Treasurer.\n<\/p>\n<p>\n\u201cI am very pleased that these three accomplished executives have agreed to assume new roles and responsibilities as part of our digital transformation,\u201d said Jacky Wu. \u201cSonia has been with us for over a decade and the appointment is well earned. Neale\u2019s new role will bring greater focus to the crucial task of managing our legacy businesses and Brian will add treasury oversight to his existing role as Head of Corporate Finance.\u201d\n<\/p>\n<p>\nThe address for the new corporate headquarters is:<br \/>\n<br \/>750 Park of Commerce Drive, Suite 210<br \/>\n<br \/>Boca Raton, Florida 33487\n<\/p>\n<p><b>About Colony Capital<\/b><\/p>\n<p>\nColony Capital, Inc. (NYSE: CLNY) is a leading global investment firm with a heritage of identifying and capitalizing on key secular trends in real estate. The Company manages a $47 billion portfolio of real assets on behalf of its shareholders and limited partners, including over $23 billion in digital real estate investments through Digital Colony, its digital infrastructure platform. Colony Capital, structured as a REIT, is headquartered in Boca Raton with key offices in Los Angeles, New York, and London, and has over 350 employees across 20 locations in 12 countries.\n<\/p>\n<p><b>Cautionary Statement regarding Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d or \u201cpotential\u201d or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, the timing and pace of the Company\u2019s digital transformation, whether the Company will realize any of the anticipated benefits of such transformation, the timing and magnitude of any G&amp;A savings, and other risks and uncertainties, including those detailed in Colony&#8217;s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, and its other reports filed from time to time with the U.S. Securities and Exchange Commission (\u201cSEC\u201d). All forward-looking statements reflect the Company\u2019s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Colony cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. Colony is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and Colony does not intend to do so.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210105005930r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210105005930\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210105005930\/en\/<\/a><\/span><\/p>\n<p>\nInvestors:<br \/>\n<br \/>Severin White<br \/>\n<br \/>Colony Capital, Inc.<br \/>\n<br \/>Managing Director, Head of Public Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:swhite@clny.com\">swhite@clny.com<br \/>\n<\/a><br \/>(212) 547-2777\n<\/p>\n<p>\nMedia:<br \/>\n<br \/>Joele Frank, Wilkinson Brimmer Katcher<br \/>\n<br \/>Jon Keehner \/ Julie Oakes<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:clny-jf@joelefrank.com\">clny-jf@joelefrank.com<br \/>\n<\/a><br \/>(212) 355-4449\n<\/p>\n<p><b>KEYWORDS:<\/b> California Florida United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> REIT Finance Other Construction &amp; Property Professional Services Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210105005930\/en\/850284\/3\/New_CLNY_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Colony Capital Announces Series of Corporate Actions Corporate Headquarters Transitions to Boca Raton, Florida Select Corporate Personnel and Activities to Move to Boca Raton, the Long-Time Headquarters for Digital Colony, While Los Angeles to Remain Corporate Hub Sonia Kim Appointed Chief Accounting Officer, Neale Redington Appointed Chief Financial Officer of Non-Digital Businesses, and Brian Lee Promoted to Corporate Treasurer BOCA RATON, Fla.&#8211;(BUSINESS WIRE)&#8211; Colony Capital, Inc. (NYSE: CLNY) (\u201cColony\u201d or the \u201cCompany\u201d) today announced the relocation of its corporate headquarters from Los Angeles, California to Boca Raton, Florida, effective as of January 1, 2021. In addition, Colony announced the appointment of select corporate officers to new roles as part of its ongoing digital transformation. Digital Colony, the Company\u2019s digital infrastructure &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/colony-capital-announces-series-of-corporate-actions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Colony Capital Announces Series of Corporate Actions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-409002","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Colony Capital Announces Series of Corporate Actions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/colony-capital-announces-series-of-corporate-actions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colony Capital Announces Series of Corporate Actions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Colony Capital Announces Series of Corporate Actions Corporate Headquarters Transitions to Boca Raton, Florida Select Corporate Personnel and Activities to Move to Boca Raton, the Long-Time Headquarters for Digital Colony, While Los Angeles to Remain Corporate Hub Sonia Kim Appointed Chief Accounting Officer, Neale Redington Appointed Chief Financial Officer of Non-Digital Businesses, and Brian Lee Promoted to Corporate Treasurer BOCA RATON, Fla.&#8211;(BUSINESS WIRE)&#8211; Colony Capital, Inc. (NYSE: CLNY) (\u201cColony\u201d or the \u201cCompany\u201d) today announced the relocation of its corporate headquarters from Los Angeles, California to Boca Raton, Florida, effective as of January 1, 2021. In addition, Colony announced the appointment of select corporate officers to new roles as part of its ongoing digital transformation. 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(NYSE: CLNY) (\u201cColony\u201d or the \u201cCompany\u201d) today announced the relocation of its corporate headquarters from Los Angeles, California to Boca Raton, Florida, effective as of January 1, 2021. In addition, Colony announced the appointment of select corporate officers to new roles as part of its ongoing digital transformation. 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