STORE Capital Appoints Alex McElyea to Executive Vice President of Data, Analytics and Business Strategy and Lori Markson to Executive Vice President of Portfolio Operations

Rhea-AI Summary

STORE Capital Corporation (NYSE: STOR) has announced the promotions of Alex McElyea to Executive Vice President of Data, Analytics and Business Strategy, and Lori Markson to Executive Vice President of Portfolio Operations. President and CEO Mary Fedewa emphasized the importance of enhancing the leadership team to drive future growth. McElyea, who joined in 2021, has significantly improved STORE's data analytics capabilities, while Markson has led the Portfolio Operations team for six years, bringing extensive experience in commercial lending and real estate.

Positive

• Promotion of experienced leaders, enhancing management depth.
• McElyea's data and analytics expertise expected to optimize returns.
• Markson's strategic insight valuable for expanding the $10 billion portfolio.

Negative

• Concerns about continuity with leadership changes.
• Potential gaps in experience with new leadership roles.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced the promotions of Alex McElyea to Executive Vice President of Data, Analytics and Business Strategy and Lori Markson to Executive Vice President of Portfolio Operations.

Alex McElyea, Executive Vice President of Data, Analytics and Business Strategy, STORE Capital (Photo: Business Wire)

“I am excited to welcome Alex McElyea and Lori Markson to STORE’s senior leadership team,” said Mary Fedewa, President and CEO of STORE Capital. “Over the past few years, we have significantly strengthened the breadth and depth of talent throughout our organization with the goal of having both current and emerging leaders in each area of our business. We have a long history of high-quality promotions from within but also adding talent from outside our organization with new skills and expertise. Promoting Alex and Lori to our senior leadership team is another important step in executing our plan to position STORE for the next phase of growth and success.

“Alex and Lori are both proven leaders with strong business acumen and significant expertise in their respective roles. Since joining STORE Capital, Alex has contributed greatly to enhancing our data and analytics platform to support the next stage of our technology evolution. His knowledge and experience will continue to drive improvements across our platform with the goal of optimizing returns at every point in the customer lifecycle. Lori, a seasoned and proven operator, has been leading our Portfolio Operations team for six years and has earned the respect of her team, senior management and our Board. She has a strategic viewpoint that will be especially valuable as we continue to expand STORE’s $10 billion portfolio of net lease assets. I look forward to working closely with Alex and Lori as we continue to build a STORE team that will span generations to come,” concluded Ms. Fedewa.

Alex McElyea joined STORE Capital in 2021 as Senior Vice President of Business Analytics to create STORE’s advanced analytics models and manage the ongoing development of its enterprise Business Intelligence platform. Alex has 20 years of experience in analytic roles within the financial services industry. Prior to joining STORE Capital, Alex spent four years with OneAZ Credit Union most recently as Chief Data Analytics Officer and five years with Plenti/American Express in marketing science and analytics roles. Alex earned a bachelor’s degree in economics from Arizona State University and an MBA from Arizona State University W.P. Carey School of Business.

Lori Markson has served in leadership roles at STORE for six years and was previously Senior Vice President of Portfolio Operations. Lori has 25 years of broad-based commercial lending and real estate experience. Prior to joining STORE, she had a 15-year career at GE Capital Franchise Finance where she served as Managing Director of Underwriting and Portfolio Management and Vice President of Underwriting. Prior to GE, Lori held positions in commercial real estate underwriting, valuation and loan origination. Lori earned a bachelor’s degree in economics from The University of California, Los Angeles.

About STORE Capital

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is a leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,750 property locations across the United States, substantially all of which are profit centers. Additional information about STORE Capital can be found on its website at www.storecapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222006097/en/

Financial Profiles, Inc.

STORECapital@finprofiles.com

Investors or Media:

Moira Conlon, 310-622-8220

Megan McGrath, 310-622-8248

Source: STORE Capital Corporation

FAQ

What leadership changes were announced by STORE Capital on February 22, 2022?

STORE Capital announced the promotions of Alex McElyea to Executive Vice President of Data, Analytics and Business Strategy, and Lori Markson to Executive Vice President of Portfolio Operations.

What are the backgrounds of the newly promoted executives at STORE Capital?

Alex McElyea has 20 years of experience in analytics, previously serving as Chief Data Analytics Officer at OneAZ Credit Union. Lori Markson has 25 years of experience in commercial lending and real estate, including 15 years at GE Capital.

How might McElyea's promotion impact STORE Capital's business strategy?

McElyea's background in data and analytics is expected to enhance STORE's technology and optimize returns across the customer lifecycle.

What is Lori Markson's role and experience prior to her promotion?

Lori Markson was previously Senior Vice President of Portfolio Operations at STORE Capital and has extensive experience in commercial real estate, with significant roles at GE Capital.

What is STORE Capital's commitment regarding leadership development?

STORE Capital aims to strengthen its talent pool by promoting from within and attracting external leaders to drive future growth.