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Granite Point Mortgage Trust Inc. Announces CFO Transition

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Granite Point Mortgage Trust Inc. (NYSE: GPMT) has announced a CFO transition. Blake Johnson will be appointed as the new Chief Financial Officer, effective December 1, 2024. Johnson will join the company as Deputy CFO by October 28, 2024, before assuming the full CFO role. This change comes as current CFO Marcin Urbaszek has submitted his resignation to pursue an opportunity with a global financial institution.

Urbaszek will remain with Granite Point until Johnson's official appointment to ensure a smooth transition. CEO Jack Taylor expressed confidence in Johnson's financial expertise and familiarity with the company, as he previously served as Granite Point's Controller. The transition is not related to any financial or operational issues within the company.

Granite Point Mortgage Trust Inc. (NYSE: GPMT) ha annunciato una transizione nel ruolo di CFO. Blake Johnson sarà nominato nuovo Chief Financial Officer, con decorrenza dal 1 dicembre 2024. Johnson entrerà a far parte dell'azienda come Deputy CFO entro il 28 ottobre 2024, prima di assumere il ruolo completo di CFO. Questo cambiamento avviene poiché l'attuale CFO Marcin Urbaszek ha presentato le sue dimissioni per perseguire un'opportunità presso un'istituzione finanziaria globale.

Urbaszek rimarrà con Granite Point fino alla nomina ufficiale di Johnson per garantire una transizione fluida. Il CEO Jack Taylor ha espresso fiducia nell'expertise finanziaria di Johnson e nella sua familiarità con l'azienda, poiché ha precedentemente ricoperto il ruolo di Controller di Granite Point. La transizione non è collegata a problemi finanziari o operativi all'interno dell'azienda.

Granite Point Mortgage Trust Inc. (NYSE: GPMT) ha anunciado una transición en el cargo de CFO. Blake Johnson será nombrado como el nuevo Chief Financial Officer, con efecto a partir del 1 de diciembre de 2024. Johnson se unirá a la empresa como Deputy CFO a partir del 28 de octubre de 2024, antes de asumir el cargo completo de CFO. Este cambio se produce porque el actual CFO Marcin Urbaszek ha presentado su renuncia para buscar una oportunidad en una institución financiera global.

Urbaszek permanecerá en Granite Point hasta la nominación oficial de Johnson para asegurar una transición fluida. El CEO Jack Taylor expresó confianza en la experiencia financiera de Johnson y su familiaridad con la empresa, ya que anteriormente se desempeñó como Controller de Granite Point. La transición no está relacionada con problemas financieros u operativos dentro de la empresa.

Granite Point Mortgage Trust Inc. (NYSE: GPMT)가 CFO 전환을 발표했습니다. 블레이크 존슨이 새 Chief Financial Officer로 임명되며, 임기는 2024년 12월 1일부터 시작됩니다. 존슨은 2024년 10월 28일부터 회사의 Deputy CFO로 합류한 후 CFO 역할을 맡게 됩니다. 이번 변화는 현 CFO 마르신 우르바섹이 글로벌 금융기관의 기회를 추구하기 위해 사임했기 때문입니다.

우르바섹은 존슨의 공식 임명까지 Granite Point에 남아 원활한 전환을 보장할 것입니다. CEO 잭 테일러는 존슨의 재무 전문성과 회사에 대한 친숙함에 대한 신뢰를 표명했으며, 그는 이전에 Granite Point의 Controller로 재직한 바 있습니다. 이 전환은 회사 내 재무적 또는 운영 문제와는 관련이 없습니다.

Granite Point Mortgage Trust Inc. (NYSE: GPMT) a annoncé une transition au poste de CFO. Blake Johnson sera nommé nouveau Chief Financial Officer, à compter du 1er décembre 2024. Johnson rejoindra l'entreprise en tant que Deputy CFO à partir du 28 octobre 2024, avant d'assumer le rôle complet de CFO. Ce changement fait suite à la démission de l'actuel CFO Marcin Urbaszek, qui souhaite saisir une opportunité au sein d'une institution financière mondiale.

Urbaszek restera chez Granite Point jusqu'à la nomination officielle de Johnson pour garantir une transition en douceur. Le PDG Jack Taylor a exprimé sa confiance dans l'expertise financière de Johnson et sa connaissance de l'entreprise, ayant précédemment occupé le poste de Controller de Granite Point. La transition n'est pas liée à des problèmes financiers ou opérationnels au sein de l'entreprise.

Granite Point Mortgage Trust Inc. (NYSE: GPMT) hat einen Wechsel im CFO-Posten angekündigt. Blake Johnson wird ab dem 1. Dezember 2024 als neuer Chief Financial Officer ernannt. Johnson wird am 28. Oktober 2024 als Deputy CFO in das Unternehmen eintreten, bevor er die vollständige Rolle des CFO übernimmt. Diese Veränderung erfolgt, da der aktuelle CFO Marcin Urbaszek seine Kündigung eingereicht hat, um eine Möglichkeit bei einem globalen Finanzinstitut zu verfolgen.

Urbaszek wird bis zur offiziellen Ernennung von Johnson bei Granite Point bleiben, um einen reibungslosen Übergang zu gewährleisten. CEO Jack Taylor äußerte Vertrauen in Johnsons finanzielle Fachkenntnisse und Vertrautheit mit dem Unternehmen, da er zuvor als Controller von Granite Point tätig war. Der Übergang steht nicht im Zusammenhang mit finanziellen oder operationellen Problemen innerhalb des Unternehmens.

Positive
  • Blake Johnson, former Controller, returning to the company with deep understanding of the business
  • Smooth transition period planned with current CFO staying until December 1, 2024
  • New CFO appointment not related to any financial or operational issues
Negative
  • Current CFO Marcin Urbaszek resigning to pursue opportunity elsewhere

Blake Johnson to Return to Serve as CFO Effective December 1, 2024

Marcin Urbaszek to Step Down Effective December 1, 2024

NEW YORK--(BUSINESS WIRE)-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced that Blake Johnson will be appointed Chief Financial Officer, effective December 1, 2024. Mr. Johnson will join the Company no later than October 28, 2024, as Deputy CFO before assuming the CFO role.

This appointment follows Marcin Urbaszek, the Company’s current Chief Financial Officer, submitting a letter of resignation to the Company’s Board of Directors notifying it of his intention to step down from his position to pursue a professional opportunity with a global financial institution. Mr. Urbaszek will remain with Granite Point until Mr. Johnson’s official appointment as CFO in December to facilitate a smooth transition.

“We are pleased to welcome Blake back to Granite Point,” said Jack Taylor, President and Chief Executive Officer of Granite Point. “I had the opportunity to work with Blake for many years, including most recently while he served as our Controller, and I have seen firsthand his financial expertise, industry acumen and leadership capabilities. As our Controller, Blake played an integral role in establishing Granite Point’s finance, accounting and tax functions, and I am confident that his deep understanding of our business and history with our team make him the right fit to help us advance our initiatives to build on our strong financial foundation and drive shareholder returns.”

“It is an honor to return to Granite Point and to be appointed CFO-elect,” said Mr. Johnson. “I have admired the Company’s resilience as it has adapted to market challenges and look forward to again working alongside Jack and the talented team at Granite Point to help deliver long-term, profitable growth.”

Mr. Taylor continued, “On behalf of the Board and management team, I thank Marcin for his considerable contributions to Granite Point since our company’s inception. Marcin was instrumental in building a strong foundation for the Company and an excellent finance team. We wish Marcin the best of luck in his next chapter and are pleased he will remain with us and work closely with Blake during the transition period.”

“Helping to build Granite Point has been the highlight of my career,” said Mr. Urbaszek. “I am confident that I am leaving Granite Point in a strong position to continue to navigate the current environment. Having had the pleasure of working closely with Blake in the past, I believe that, with Blake’s addition as its new CFO, Granite Point will be well-positioned to drive enhanced performance as markets improve.”

Mr. Urbaszek’s departure is not related to the Company’s financial or operating results or to any disagreement with the Company regarding its financial, operational, accounting or reporting policies or practices.

About Blake Johnson

Mr. Johnson brings nearly two decades of finance, accounting, tax and compliance expertise to Granite Point. From the inception of the Company’s business through 2020, Mr. Johnson served in various roles at the Company as an employee of the Company’s former manager, most recently serving as the Company’s Controller. Mr. Johnson currently serves as Acting Chief Accounting Officer of Two Harbors Investment Corp. (“Two Harbors”). Previously, he served in various other leadership positions with Two Harbors, including Tax Manager, Tax Director and Controller. Prior to his roles with Two Harbors, he held positions at Wells Fargo Bank, N.A., Deloitte, LLP, Opus Corporation and Ernst & Young, LLP.

Mr. Johnson holds a B.A. in Business Administration and a M.S. in Accountancy from the University of St. Thomas, a M.B.T. from the University of Minnesota and a MSc in Finance from the London Business School. He is also a Certified Public Accountant and holds the Chartered Financial Analyst designation.

About Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point is headquartered in New York, NY. Additional information is available at www.gpmtreit.com.

Forward-Looking Statements

This press release contains, or incorporates by reference, not only historical information, but also forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, projections and illustrations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as “anticipate,” “estimate,” “will,” “should,” “expect,” “target,” “believe,” “outlook,” “potential,” “continue,” “intend,” “seek,” “plan,” “goals,” “future,” “likely,” “may” and similar expressions or their negative forms, or by references to strategy, plans or intentions. The illustrative examples herein are forward-looking statements. By their nature, forward-looking statements speak only as of the date they are made, are not statements of historical facts or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Our expectations, beliefs and estimates are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and estimates will prove to be correct or be achieved, and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.

These forward-looking statements are subject to risks and uncertainties, including, among other things, those described in our Annual Report on Form 10-K for the year ended December 31, 2023, under the caption “Risk Factors,” and any subsequent Form 10-Q or other filings made with the SEC. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

This press release is for informational purposes only and shall not constitute, or form a part of, an offer to sell or buy or the solicitation of an offer to sell or the solicitation of an offer to buy any securities.

Investors: Chris Petta Investor Relations, Granite Point Mortgage Trust Inc., (212) 364-5500, investors@gpmtreit.com.

Source: Granite Point Mortgage Trust Inc.

FAQ

Who is the new CFO of Granite Point Mortgage Trust Inc. (GPMT)?

Blake Johnson will be appointed as the new Chief Financial Officer of Granite Point Mortgage Trust Inc. (GPMT), effective December 1, 2024.

When will Blake Johnson join Granite Point Mortgage Trust Inc. (GPMT) as Deputy CFO?

Blake Johnson will join Granite Point Mortgage Trust Inc. (GPMT) as Deputy CFO no later than October 28, 2024.

Why is Marcin Urbaszek leaving his position as CFO at Granite Point Mortgage Trust Inc. (GPMT)?

Marcin Urbaszek is stepping down from his position as CFO at Granite Point Mortgage Trust Inc. (GPMT) to pursue a professional opportunity with a global financial institution.

Is the CFO transition at Granite Point Mortgage Trust Inc. (GPMT) related to any financial or operational issues?

No, the CFO transition at Granite Point Mortgage Trust Inc. (GPMT) is not related to any financial or operational issues, or disagreements regarding the company's policies or practices.

Granite Point Mortgage Trust Inc.

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