Seven Hills Realty Trust Appoints Tiffany Sy as Chief Financial Officer and Treasurer

Rhea-AI Summary

Seven Hills Realty Trust (Nasdaq: SEVN) announced the appointment of Tiffany Sy as Chief Financial Officer and Treasurer, effective October 1, 2022. Sy, a certified public accountant, has been with The RMR Group since 2020 and will succeed Douglas Lanois, who is resigning from his positions effective September 30, 2022. Lanois has played a significant role since joining SEVN in 2021. The transition aims to maintain operational continuity, as Lanois will stay on as a non-executive employee until the end of December 2022.

Positive

• Tiffany Sy's appointment as CFO brings in fresh leadership perspectives, enhancing management diversity.
• Sy's background in accounting and her experience at RMR indicates potential for strong financial oversight.

Negative

• The departure of Douglas Lanois raises concerns over continuity in financial leadership.

NEWTON, Mass.--(BUSINESS WIRE)-- Seven Hills Realty Trust (Nasdaq: SEVN) today announced that Tiffany Sy has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2022.

Ms. Sy joined The RMR Group (Nasdaq: RMR) in 2020 as a Senior Director, Accounting, and is responsible for various aspects of the accounting function supporting RMR and its clients, including SEVN. Ms. Sy has been promoted to a Vice President of RMR and has also been appointed Chief Financial Officer and Treasurer of Tremont Realty Capital, both effective October 1, 2022.

Prior to joining RMR, Ms. Sy held various accounting leadership positions at Five Star Senior Living and Bank Rhode Island. Ms. Sy also practiced public accounting for 15 years, including in the audit practice of Ernst & Young LLP for more than 10 years. Ms. Sy is a certified public accountant.

Ms. Sy succeeds Douglas Lanois, who is resigning from his positions with SEVN, Tremont Realty Capital and RMR, effective September 30, 2022. Mr. Lanois has been with SEVN since 2021, Tremont Realty Capital since 2004 and RMR since 2016.

Tom Lorenzini, President of SEVN, made the following statement:

“We are excited to have Tiffany join the SEVN management team and are proud to be among a small group of REITs to have a woman serve as chief financial officer. We thank Doug for his dedication and many years of contributions to Seven Hills Realty Trust. Doug played a key role helping SEVN transform into a well-positioned commercial mortgage REIT and we wish him all the best in his future endeavors.”

To ensure a smooth transition, Mr. Lanois will remain a non-executive employee of RMR until December 31, 2022.

About Seven Hills Realty Trust

Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920006308/en/

Kevin Barry, Director, Investor Relations

(617) 658-0776

www.sevnreit.com

Source: Seven Hills Realty Trust

FAQ

Who is the new CFO of Seven Hills Realty Trust?

Tiffany Sy has been appointed as the Chief Financial Officer and Treasurer of Seven Hills Realty Trust.

When did Tiffany Sy start as CFO of Seven Hills Realty Trust?

Tiffany Sy's appointment as CFO became effective on October 1, 2022.

What position did Douglas Lanois hold before his resignation?

Douglas Lanois served as the Chief Financial Officer and Treasurer of Seven Hills Realty Trust before resigning.

What was the reason for Douglas Lanois's resignation?

Douglas Lanois resigned from his positions to pursue other opportunities, having been with SEVN since 2021.

What is Tiffany Sy's professional background?

Tiffany Sy has held various accounting leadership roles and was a Senior Director at The RMR Group before her appointment as CFO.