Rithm Capital Corp. Elects Ranjit Kripalani and William Addas to the Board of Directors
Rithm Capital (NYSE:RITM) has appointed Ranjit Kripalani and William Addas as independent board members, effective November 1, 2024. Kripalani will serve on the Nominating and Corporate Governance Committee and chair the Mortgage and Regulatory Compliance Committee, while Addas joins the Audit and Compensation Committees. Additionally, Andrew Sloves is stepping down from his director position to join as Managing Director and investment committee member. Both new directors bring extensive capital markets experience, with Kripalani's background in mortgage trading and Addas's expertise in financial institutions and specialty finance.
Rithm Capital (NYSE:RITM) ha nominato Ranjit Kripalani e William Addas come membri indipendenti del consiglio di amministrazione, a partire dal 1° novembre 2024. Kripalani farà parte del Comitato di Nomina e Governance Aziendale e presiederà il Comitato di Conformità Mutui e Regolamentare, mentre Addas entrerà nei Comitati di Audit e Compensazione. Inoltre, Andrew Sloves si dimetterà dalla sua posizione di direttore per diventare Direttore Generale e membro del comitato d'investimento. Entrambi i nuovi direttori portano grande esperienza nei mercati dei capitali, con Kripalani che ha un background nel trading di mutui e Addas che vanta competenze nelle istituzioni finanziarie e nella finanza specializzata.
Rithm Capital (NYSE:RITM) ha nombrado a Ranjit Kripalani y William Addas como miembros independientes de la junta, a partir del 1 de noviembre de 2024. Kripalani formará parte del Comité de Nominaciones y Gobernanza Corporativa y presidirá el Comité de Cumplimiento Hipotecario y Regulatorio, mientras que Addas se unirá a los Comités de Auditoría y Compensación. Además, Andrew Sloves dejará su puesto de director para convertirse en Director General y miembro del comité de inversión. Ambos nuevos directores aportan una amplia experiencia en los mercados de capitales, con Kripalani en el comercio de hipotecas y Addas con experiencia en instituciones financieras y finanzas especializadas.
리즘 캐피탈 (NYSE:RITM)은 란짓 크리팔라니와 윌리엄 아다스를 독립 이사로 임명하였으며, 그 효력은 2024년 11월 1일부터 발효됩니다. 크리팔라니는 지명 및 기업 거버넌스 위원회에서 활동하며 모기지 및 규정 준수 위원회 의장을 맡고, 아다스는 감사 및 보상 위원회에 합류합니다. 또한, 앤드류 슬로베스는 이사직에서 물러나 관리 이사 및 투자 위원회 위원으로 합류합니다. 두 신임 이사는 모두 자본 시장에서 광범위한 경험을 갖추고 있으며, 크리팔라니는 모기지 거래에, 아다스는 금융 기관 및 전문 금융 분야에서의 전문성을 보유하고 있습니다.
Rithm Capital (NYSE:RITM) a nommé Ranjit Kripalani et William Addas en tant que membres indépendants du conseil d'administration, à compter du 1er novembre 2024. Kripalani fera partie du Comité de nomination et de gouvernance d'entreprise et présidera le Comité de conformité hypothécaire et réglementaire, tandis qu'Addas rejoindra les Comités d'audit et de rémunération. De plus, Andrew Sloves se retire de son poste de directeur pour devenir directeur général et membre du comité d'investissement. Les deux nouveaux directeurs apportent une vaste expérience des marchés de capitaux, Kripalani ayant un parcours dans le commerce des hypothèques et Addas ayant une expertise dans les institutions financières et le financement spécialisé.
Rithm Capital (NYSE:RITM) hat Ranjit Kripalani und William Addas als unabhängige Vorstandsmitglieder ernannt, die ab dem 1. November 2024 in Kraft treten. Kripalani wird im Nominierungs- und Unternehmensführungsausschuss tätig sein und den Ausschuss für Hypotheken und regulatorische Compliance leiten, während Addas in die Ausschüsse für Prüfung und Vergütung eintritt. Zusätzlich wird Andrew Sloves von seiner Direktorposition zurücktreten, um Geschäftsführender Direktor und Mitglied des Investitionsausschusses zu werden. Beide neuen Direktoren bringen umfangreiche Erfahrungen auf den Kapitalmärkten mit, wobei Kripalani auf den Handel mit Hypotheken spezialisiert ist und Addas über Expertise in Finanzinstituten und Spezialfinanzierungen verfügt.
- Addition of two experienced board members with extensive financial services and capital markets expertise
- Strategic strengthening of key board committees with industry veterans
- Internal promotion of Andrew Sloves to Managing Director, enhancing investment platform capabilities
- None.
- Addition of Ranjit Kripalani and William Addas to the Board of Directors adds further depth to the Board’s financial services, corporate advisory, strategic planning and public board experience
- Mr. Kripalani will be a member of the Board of Director’s Nominating and Corporate Governance Committee and Chair of the Mortgage and Regulatory Compliance Committee
- Mr. Addas will be a member of the Board of Director’s Audit Committee and Compensation Committee
“We are extremely excited to announce Ron and Will as new additions to our Board of Directors during an exciting time in Rithm Capital’s growth as an asset manager,” said Michael Nierenberg, Chairman, Chief Executive Officer and President of Rithm Capital. “Both Ron and Will bring tremendous capital markets experience and practical industry knowledge to the Board. We look forward to working with Ron and Will as we continue to execute on our strategy, diversify and drive growth across our businesses and enhance value for our stakeholders.”
In addition, Andrew Sloves will be joining Rithm Capital as a Managing Director to further develop the investment platform and will serve as a member of the investment committee. In connection with his appointment, Mr. Sloves has stepped down from his position as a director of the Company, effective as of November 1, 2024.
Ranjit M. Kripalani has served as a member of the Board of Directors of Griffin Realty Trust, Inc. (NYSE: GRT) and the chair of the Compensation Committee. Additionally, he served as a member of the Board of Directors of Western Asset Management Capital Corp and the chair of the Risk Committee. He has also served as a member of the Board of each of Combined Systems Incorporated and DAVI Audio. His prior work experience includes serving as the Chief Executive Officer of CRT Capital Group LLC, an institutionally focused broker‑dealer. Prior to that, he worked at Countrywide Capital Markets, Inc. and Countrywide Financial Corporation from 1998 to 2008, where he served in a number of roles, including as president of capital markets and executive managing director of Countrywide Financial Corp.. Prior to joining Countrywide, Mr. Kripalani served as managing director and head of mortgage trading for Chase Securities, Inc. from 1995 to 1998, and as managing director and head of mortgage trading for PaineWebber, Inc. from 1985 to 1995. Mr. Kripalani has a Bachelor of Arts degree in International Relations from Tufts University and a Graduate Diploma in Business Studies from the London School of Economics.
William Addas has been a director of BGC Group since July 2023. From 2008 to 2023, Mr. Addas held numerous senior positions at BofA Securities, Inc., including Co-Head of Global Financial Institutions Group from 2021 to 2023, Co-Head of Americas Financial Institutions Group from 2019 to 2021, and Head of Specialty Finance from 2018 to 2019. From 2003 to 2008, he was a Managing Director and Head of Financial Technology and Specialty Finance at Deutsche Bank. From 2005 to 2006, he served on the board of Delta Financial Corp., a residential mortgage company. From 1996 to 2003, he was a Managing Director at Credit Suisse and Donaldson, Lufkin & Jenrette. From 1993 to 1996, he served as a Director of NatWest Markets Securities, a
ABOUT RITHM CAPITAL
Rithm Capital is a global asset manager focused on real estate, credit and financial services. Rithm makes direct investments and operates several wholly-owned operating businesses. Rithm’s businesses include Sculptor Capital Management, Inc., an alternative asset manager, as well as Newrez LLC and Genesis Capital LLC, leading mortgage origination and servicing platforms. Rithm Capital seeks to generate attractive risk-adjusted returns across market cycles and interest rate environments. Since inception in 2013, Rithm has delivered approximately
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Source: Rithm Capital Corp.
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