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HomeStreet Appoints Joanne Harrel to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
HomeStreet, Inc. (NASDAQ: HMST) has appointed Joanne Harrell to its Board of Directors, enhancing its leadership team. With over 20 years at Microsoft and experience in the non-profit sector, Harrell is expected to provide valuable oversight, especially in Environmental, Social, and Governance (ESG) initiatives. Her background in public-private partnerships positions her well to support HomeStreet's community and ESG goals. The Board aims to strengthen its diversity and expertise with this strategic addition.
Positive
Joanne Harrell's appointment enhances Board diversity and expertise.
Her extensive experience in high-tech and non-profit sectors supports strategic initiatives.
Negative
None.
SEATTLE--(BUSINESS WIRE)--
HomeStreet, Inc. (Nasdaq: HMST) or (“HomeStreet”), the parent company of HomeStreet Bank (the “Bank” and together with HomeStreet, the “Company”), today announced it has appointed Joanne Harrell to the Boards of Directors for both HomeStreet and HomeStreet Bank.
Ms. Harrell brings extensive experience in executive roles within the high-tech, telecommunications and non-profit sectors. She has a record of creating public-private partnerships that lead to innovative solutions to pressing civic and societal issues. Most recently, Ms. Harrell worked for Microsoft Corporation for 20 years where she led teams in the sales, marketing and services disciplines focused on enterprise, public sector and original equipment manufacturing customers and partners. Prior to Microsoft, Ms. Harrell was President and Chief Executive Officer of United Way of King County. Ms. Harrell holds a B.A and an M.B.A. from the University of Washington and has served as a regent for the University of Washington since 2009. Ms. Harrell was appointed to serve on the Enterprise Risk Management (“ERM”) and the Human Resources and Corporate Governance (“HRCG”) committees.
“We are pleased to welcome Joanne to our Board of Directors," said Mark K. Mason, Chairman of the Board and Chief Executive Officer of HomeStreet. “With her extensive multi-sector experience and her involvement in environmental, social and governance (“ESG”) programs, Ms. Harrell will provide valuable oversight as HomeStreet executes its business plan and enhances its ESG programs. We are very fortunate to be able to attract a candidate of Joanne’s caliber and experience.”
“We welcome Joanne as a significant addition to our team of independent directors on the HomeStreet board,” said Donald R. Voss, Lead Independent Director of HomeStreet. “Her addition brings extensive industry and management experience to us and strengthens the diversity of our boards.”
“I am excited to join the Board of Directors of a company that has such a rich history of going above and beyond in supporting our communities," stated Joanne Harrell. "In addition to being able to provide meaningful oversight to HomeStreet’s operations, I believe I am well suited to support HomeStreet’s commitment to serving the community and achieving meaningful ESG goals.”
About HomeStreet, Inc.
HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. HomeStreet Bank is the winner of the 2022 "Best Small Bank" in WashingtonNewsweek magazine award and is ranked as a top 10 “Small Regional Bank” within the U.S., according to Bankdirector.com. Certain information about our business can be found on our investor relations web site, located at http://ir.homestreet.com. HomeStreet Bank is a member of the FDIC and is an Equal Housing Lender.
Who is Joanne Harrell in relation to HomeStreet, Inc.?
Joanne Harrell has been appointed to the Board of Directors of HomeStreet, Inc., bringing extensive experience from her 20 years at Microsoft and leadership roles in the non-profit sector.
What impact is Joanne Harrell expected to have on HomeStreet, Inc.?
Harrell is expected to provide valuable oversight on the company's operations and enhance its Environmental, Social, and Governance (ESG) initiatives.
What is the significance of the Board of Directors change for HMST investors?
The addition of Joanne Harrell is significant as it strengthens the Board's diversity and experience, potentially leading to improved governance and strategic direction.
