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Bridge Investment Group Announces Chief Financial Officer, Chad Briggs to Retire and Chief Accounting Officer, Katie Elsnab to Become Chief Financial Officer
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Bridge Investment Group Holdings Inc. (NYSE: BRDG) announced the retirement of Chief Financial Officer Chad Briggs, effective May 31, 2022. Katie Elsnab, the current Chief Accounting Officer, will succeed him. Executive Chairman Robert Morse praised Briggs for his contributions since 2010 and expressed confidence in Elsnab’s capabilities, citing her experience in auditing and her role in the company's IPO in 2021. Bridge manages approximately $31.8 billion in assets under management as of September 30, 2021, focusing on various U.S. real estate sectors.
Bridge has a robust asset management figure of $31.8 billion.
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SALT LAKE CITY--(BUSINESS WIRE)--
Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) announced today that Chad Briggs, Chief Financial Officer (“CFO”) of the Company, has decided to retire effective May 31, 2022. Upon Mr. Briggs’ retirement, Bridge is pleased to announce that Katie Elsnab, Bridge’s current Chief Accounting Officer and Corporate Controller, will assume the role of CFO.
Executive Chairman, Robert Morse remarked “On behalf of everyone at Bridge, I thank Chad for his critical role in the formation and success of our company. Chad has been a trusted and valuable leader since joining our firm in 2010. In addition, Chad is credited with building the foundation of our strong finance team and retires knowing Bridge is very well positioned for continued success. We wish him all the best in his retirement.”
Mr. Morse added, “We are also very happy to announce the expected promotion and appointment of our Chief Accounting Officer and Corporate Controller, Katie Elsnab, to CFO. Katie has been with Bridge since 2018 following 16 years as an auditor serving the real estate and financial services space at Ernst & Young. Katie was also integral in Bridge’s successful initial public offering in 2021. She has been a perfect fit for Bridge since joining the company and we congratulate her on this next chapter in her career.”
Mr. Briggs concluded, “I am very proud of what we have accomplished during my tenure. Having worked closely with Katie and the rest of the team, I can say with confidence that the Company’s finance and accounting functions will be in excellent hands.”
About Bridge Investment Group
Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $31.8 billion of assets under management as of September 30, 2021. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.
Forward-Looking Statements
This release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include the anticipated timing of Mr. Briggs’ retirement, the Company's plans to appoint Ms. Elsnab as Chief Financial Officer upon Mr. Briggs’ retirement, and other comparable statements regarding the Company's “expectations,” “beliefs,” “hopes,” “intentions,” “strategies,” or the like that do not relate to historical or factual matters. Accordingly, we caution you that any such forward-looking statements are based on our beliefs, assumptions and expectations as of the date made, taking into account all information available to us at that time. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties that are difficult to predict and beyond our control. Actual results may differ materially from those express or implied in the forward-looking statements as a result of a number of factors, including but not limited to those risks described from time to time in our filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. The Company undertakes no duty to publicly update any forward-looking statements made herein, whether as a result of new information, future developments or otherwise, except as required by law.
