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Starwood Property Trust, Inc. Announces Sol Kumin To Join Board of Directors

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Starwood Property Trust, Inc. (NYSE: STWD) today announced that Sol Kumin, the former Chief Operating Officer of SAC Capital Advisors LP, has joined its Board of Directors. Mr. Kumin is replacing Jeffrey DiModica, who has accepted a position as Managing Director with Starwood Capital Group.

Mr. Kumin was most recently at SAC Capital Advisors LP where he served as the Chief Operating Officer from 2008 to 2014. Prior to joining SAC in 2005, he was a Vice President in the Equity Sales department at Sanford C. Bernstein & Co., part of AllianceBernstein LP. Mr. Kumin started his career at Lazard Asset Management as an associate in 1999. Mr. Kumin is a graduate of The Johns Hopkins University where he earned a bachelor's degree in Political Science and Government.

Commenting on the appointment, Barry Sternlicht, Chairman and Chief Executive Officer of Starwood Property Trust, said, "We could not be more pleased that Sol has agreed to serve on Starwood Property Trust's Board. Sol is an experienced executive with a track record of helping to build and manage a top tier global investment company. He brings a broad perspective across capital markets and corporate strategy which will be of great value to our organization."

Mr. Kumin added, "I am thrilled to be joining the board of one of the leading real estate finance companies, which I believe is uniquely positioned in the market today. I look forward to contributing to the board's efforts as the Company continues to grow their premiere franchise."

Once Mr. DiModica joins Starwood Capital Group, he is no longer deemed independent pursuant to NYSE rules and therefore is stepping down from Starwood Property Trust's Board of Directors effective immediately in order for the Company to be in compliance with NYSE listing requirements.

Posted-In: News Management Press Releases

 

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