Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 30, 2020, Neale W. Redington resigned from all positions he held
with Colony Credit Real Estate, Inc. (the "Company"), including his positions as
Chief Financial Officer and Treasurer of the Company, effective January 1, 2021,
in order to pursue other opportunities at Colony Capital, Inc. ("Colony
Capital").
On December 31, 2020, the Board of Directors (the "Board") of the Company
unanimously approved the appointment of Frank V. Saracino as Chief Financial
Officer and Treasurer of the Company, effective January 1, 2021. Mr. Saracino
will continue in his role as Chief Accounting Officer of the Company.
The following is a brief biographical summary for Mr. Saracino:
Frank V. Saracino, age 54, serves as the Company's Chief Financial Officer,
Chief Accounting Officer and Treasurer, having served as the Company's Chief
Accounting Officer since November 2018. Mr. Saracino also serves as Managing
Director at Colony Capital where he is responsible for the financial accounting
and reporting for certain Colony Capital managed real estate investment trusts
and vehicles as Chief Financial Officer, which he has performed since August
2015. Prior to joining a predecessor of the Colony Capital business in 2015, Mr.
Saracino was a Managing Director with Prospect Capital Corporation where he
served from inception as Chief Financial Officer of its real estate investment
trust subsidiaries and registered closed-end investment companies. From 2008 to
2012, Mr. Saracino was a Managing Director and America's co-head of finance at
Macquarie Group, and 2004 to 2008 he was Chief Accounting Officer of eSpeed,
Inc., a publicly-traded subsidiary of Cantor Fitzgerald. Mr. Saracino started
his career at Coopers & Lybrand where he earned a CPA, and subsequently worked
in corporate finance at Deutsche Bank. Mr. Saracino holds a Bachelor of Science
degree from Syracuse University.
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