Invitation Homes Announces Addition of H. Wyman Howard III to Board of Directors

Rhea-AI Summary

Invitation Homes Inc. (NYSE: INVH) has announced the appointment of Rear Adm. H. Wyman Howard III, USN (Ret) to its Board of Directors, effective October 1, 2024. Michael Fascitelli, chairperson of the Board, and Dallas Tanner, CEO, welcomed Mr. Howard, highlighting his leadership skills and operational experience.

Mr. Howard retired from the U.S. Navy in September 2022 after over 32 years of service. His career includes multiple tours commanding Special Operations Joint Task Forces and serving as the Commander of Naval Special Warfare Command. He also served as the Director of Operations for the National Geospatial-Intelligence Agency.

Mr. Howard's educational background includes an MBA from the TRIUM consortium and a Master of Science in National Security and Resource Strategy. He also serves on the board of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER).

Positive

• Addition of a highly experienced board member with extensive leadership and operational expertise
• Potential for fresh perspectives and insights from a diverse background in military and intelligence sectors
• Board member's experience in strategy and innovation could contribute to future growth plans

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing and management company, today announced that Rear Adm. H. Wyman Howard III, USN (Ret) was appointed to the Company’s board of directors (the “Board”), effective October 1, 2024.

“On behalf of the entire Board, it is our distinct honor to welcome Mr. Howard,” said Michael Fascitelli, chairperson of the Board. “With his remarkable leadership skills, vast operational experience, and commitment to excellence, we believe his contributions will be invaluable. We look forward to the unique perspectives and insights that he’ll bring to our team.”

“It is a privilege to have Mr. Howard join our board,” said Dallas Tanner, the Company’s Chief Executive Officer. “His distinguished career and leadership in some of the most challenging environments speak to his ability to drive success through strategy, vision, and discipline. We are excited to work alongside him and leverage his expertise as we chart the future growth and innovation of Invitation Homes.”

Mr. Howard retired from the U.S. Navy in September 2022 as Rear Admiral (Upper Half) after over 32 years of service for the SEAL Teams and Joint Special Operations. He has had multiple tours in command of Special Operations Joint Task Forces and was among the first to deploy into Afghanistan following the attacks on September 11, 2001. The combat contributions of the teams Mr. Howard commanded, and with whom he served, were recognized with five Presidential Unit Citations, a Navy Unit Commendation medal, and four Joint Meritorious Unit Awards. Mr. Howard’s joint, interagency, and intelligence experience include service as the second Director of Operations for the National Geospatial-Intelligence Agency in 2016 and as the Commander, Naval Special Warfare Command from 2020 to 2022, which are equivalent leadership roles of a Chief Operating Officer and Chief Executive Officer, respectively. Mr. Howard is acknowledged for his leadership in designing new irregular deterrence capabilities and options that increase the leverage of the United States to deter the nation’s adversaries. Mr. Howard also serves on the board of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER), an aerial firefighting and aerospace services company.

Mr. Howard graduated from the United States Naval Academy and holds a Master of Business Administration from the TRIUM consortium of the London School of Economics, HEC Paris School of Management, and New York University’s Stern School of Business. Mr. Howard holds a Master of Science in National Security and Resource Strategy with a focus on commercial, civil, and military space sectors from the Eisenhower School and a Professional Certificate in Artificial Intelligence and Business Strategy from the Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The Company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which include, but are not limited to, statements related to the Company's expectations regarding the performance of the Company's business, its financial results, its liquidity and capital resources, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “guidance,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including, among others, risks inherent to the single-family rental industry and the Company's business model, macroeconomic factors beyond the Company's control, competition in identifying and acquiring properties, competition in the leasing market for quality residents, increasing property taxes, homeowners’ association and insurance costs, poor resident selection and defaults and non-renewals by the Company's residents, the Company's dependence on third parties for key services, risks related to the evaluation of properties, performance of the Company's information technology systems, risks related to the Company's indebtedness, and risks related to the potential negative impact of unfavorable global and United States economic conditions, uncertainty in financial markets (including as a result of events affecting financial institutions), geopolitical tensions, natural disasters, climate change, and public health crises, on the Company’s financial condition, results of operations, cash flows, business, associates, and residents. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The Company believes these factors include, but are not limited to, those described under Part I. Item 1A. “Risk Factors” of its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Annual Report”), as such factors may be updated from time to time in the Company's periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov . These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release, in the Annual Report, and in the Company's other periodic filings. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except to the extent otherwise required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240924892775/en/

Investor Relations Contact:

Scott McLaughlin

844.456.INVH (4684)

IR@InvitationHomes.com



Media Relations Contact:

Kristi DesJarlais

972.421.3587

Media@InvitationHomes.com

Source: Invitation Homes Inc.

FAQ

When will H. Wyman Howard III join Invitation Homes' (INVH) Board of Directors?

H. Wyman Howard III will join Invitation Homes' Board of Directors effective October 1, 2024.

What is H. Wyman Howard III's background before joining Invitation Homes (INVH)?

H. Wyman Howard III retired as Rear Admiral from the U.S. Navy after 32 years of service in the SEAL Teams and Joint Special Operations. He also served as the Commander of Naval Special Warfare Command and Director of Operations for the National Geospatial-Intelligence Agency.

What educational qualifications does the new Invitation Homes (INVH) board member possess?

H. Wyman Howard III holds an MBA from the TRIUM consortium, a Master of Science in National Security and Resource Strategy, and a Professional Certificate in Artificial Intelligence and Business Strategy from MIT.

Does H. Wyman Howard III serve on any other company boards besides Invitation Homes (INVH)?

Yes, H. Wyman Howard III also serves on the board of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER), an aerial firefighting and aerospace services company.