PennyMac Mortgage Investment Trust Announces SiSi Pouraghabagher Joined Its Board of Trustees

Rhea-AI Summary

PennyMac Mortgage Investment Trust (NYSE: PMT) has announced the appointment of SiSi Pouraghabagher to its Board of Trustees. Pouraghabagher brings a wealth of experience from her roles as a financial executive and board chair across various sectors, including banking, insurance, consulting, and higher education. She currently serves as an independent director and Audit Committee Chair for Private Bancorp of America, Point B, and Frontier Medicines. Her previous roles include Chief Administrative Officer for QBE North America and Chief Financial Officer and Chief Operations Officer at Balboa Insurance. She is also an adjunct professor at California Polytechnic State University, San Luis Obispo.

Positive

• Appointment of an experienced financial services leader to the Board of Trustees, enhancing governance and strategic oversight.
• SiSi Pouraghabagher's diverse background includes leadership roles in banking, insurance, consulting, and technology sectors.
• Her current roles as independent director and Audit Committee Chair at multiple companies demonstrate her expertise and trust in financial governance.

Negative

• The press release does not provide specific information on how Pouraghabagher's appointment will directly impact PennyMac's financial performance or strategic initiatives.
• There is no mention of immediate financial or operational changes resulting from this appointment, leaving investors uncertain about short-term benefits.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that SiSi Pouraghabagher, an experienced financial services leader, has joined its Board of Trustees.

“It is with great enthusiasm that we welcome SiSi Pouraghabagher to our Board of Trustees,” said Chairman and Chief Executive Officer David Spector. “Her extensive leadership experience as a financial executive and board chair across diverse sectors, including banking, insurance, and consulting, coupled with her deep commitment to higher education, will undoubtedly enrich our Board with unique and invaluable insights. We are excited about her appointment to the Board and the many contributions she will make within our company.”

Ms. Pouraghabagher’s diverse career spans public global financial service corporations, private technology companies, public accounting firms, and higher education. She serves as independent director and Audit Committee Chair at Private Bancorp of America, Point B, and Frontier Medicines, and she formerly served as an independent director and Audit Committee Chair for State Auto Financial Corporation. She is an adjunct professor in the Accounting Department of Orfalea’s College of Business at California Polytechnic State University, San Luis Obispo. From 2011 through 2013, she was the Chief Administrative Officer for QBE North America and from 2002 through 2011, she held Chief Financial Officer and Chief Operations Officer roles at Balboa Insurance through their sale to QBE. Ms. Pouraghabagher commenced her career as an auditor at Deloitte, and earned her CPA license in 1997. She holds a B.A. in accounting and finance from California Polytechnic State University, San Luis Obispo.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). Additional information about PennyMac Mortgage Investment Trust is available at pmt.pennymac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240612866812/en/

Media

Lauren Padilla

mediarelations@pennymac.com

805.225.8224



Investors

Kevin Chamberlain

Isaac Garden

investorrelations@pennymac.com

818.224.7028

Source: PennyMac Mortgage Investment Trust

FAQ

Who has recently joined the Board of Trustees at PennyMac Mortgage Investment Trust (NYSE: PMT)?

SiSi Pouraghabagher has recently joined the Board of Trustees at PennyMac Mortgage Investment Trust.

What is SiSi Pouraghabagher's background?

SiSi Pouraghabagher has extensive experience as a financial executive and board chair across banking, insurance, consulting, and higher education sectors.

What are some of SiSi Pouraghabagher's current roles?

She currently serves as an independent director and Audit Committee Chair at Private Bancorp of America, Point B, and Frontier Medicines.

What previous roles has SiSi Pouraghabagher held?

Her previous roles include Chief Administrative Officer for QBE North America and Chief Financial Officer and Chief Operations Officer at Balboa Insurance.

Does SiSi Pouraghabagher have any involvement in higher education?

Yes, she is an adjunct professor in the Accounting Department at California Polytechnic State University, San Luis Obispo.