Redwood Trust welcomes new independent director

Seasoned director brings 30 years of experience to the residential and business purpose lender

Redwood Trust welcomes new independent director

Redwood Trust, a specialty housing finance company, has announced the appointment of Doneene Damon to its board of directors, effective November 2.

As an independent director, Damon brings over 30 years of experience as a trusted advisor to corporate clients, with an extensive background in traditional and innovative structured finance and capital markets transactions. She has significant leadership experience across private sector and non-profit organizations.

“We are pleased to welcome Doneene to the board as an independent director,” Greg Kubicek, chair of Redwood’s board, said in a statement. “Doneene brings more than three decades of experience as a trusted advisor to corporate clients, an extensive background in both traditional and innovative structured finance and capital markets transactions, and significant leadership experience across various private sector and nonprofit organizations.”

Damon is a practicing attorney and serves as a director of Richards, Layton & Finger, P.A., a multi-disciplinary law firm based in Wilmington, Delaware, which she has been a part of since 1992. She was president at Richards, Layton & Finger from 2019 to 2022 and currently serves as chair of the firm’s Corporate Trust and Agency Services Group and as chief diversity director.

In addition to her role at Redwood Trust, Damon serves on the board of directors of Brown Advisory Delaware Trust Company and is a board member of the Structured Finance Association, the Forum of Executive Women, and the Delaware Business Roundtable. Her commitment to public service and non-profit organizations includes current or past service as a member of Delaware’s Judicial Nominating Commission, the Delaware Prosperity Partnership, and the Delaware Bench and Bar Diversity Project.

Looking ahead, Damon is slated for re-election at Redwood’s annual meeting of stockholders in May 2024 and will contribute to the board’s compensation committee and governance and nominating committee.

Redwood operates as a real estate investment trust specializing in residential, business purpose, and investment portfolio lending. In September, the company started originating home equity investment loans through its new flagship platform, Aspire.

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