Walker & Dunlop President and Board Member, Howard Smith, Announces Retirement
11 Julho 2023 - 7:00AM
Business Wire
Walker & Dunlop, Inc. announced today that its president and
member of the board of directors, Howard W. Smith, III, intends to
retire on January 1, 2024 after 43 years of service. Smith will not
stand for reelection to the board at the next annual stockholders’
meeting.
“Howard has been an exceptional partner in growing Walker &
Dunlop from a small, family-owned company in 1980 to the 6th
largest lender to commercial real estate in the United States in
2022," said Willy Walker, chairman and CEO. “Howard's contributions
throughout his career to our industry, our company, and the Greater
Washington community are numerous and profound. And while Howard
will be dearly missed, his greatest legacy is the exceptional group
of executives and managers at Walker & Dunlop that he so
skillfully mentored and developed."
Upon retirement, Smith’s primary duties and responsibilities
will be assumed by Donald P. King III, executive vice president and
Kris Mikkelsen, executive vice president, investment sales who will
co-lead the company’s capital markets group.
“I want to thank the Walker family for giving me the opportunity
43 years ago to join Walker & Dunlop where I spent my entire
career. I am honored to have been able to contribute to the
company’s incredible growth during that time," said Howard Smith.
"I leave behind an outstanding management team of great friends
that will continue to grow W&D while maintaining the unique
culture that defines this company."
Smith’s illustrious career at Walker & Dunlop leaves behind
a remarkable legacy of leadership and innovation. He joined the
company’s management team in 1988 and took on the role of executive
vice president and chief operating officer in 2004 when he also
assumed the role of board member and has been a member of the board
since that time. He was promoted to president of the company in
2015.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial
real estate finance and advisory services firms in the United
States. Our ideas and capital create communities where people live,
work, shop, and play. The diversity of our people, breadth of our
brand and technological capabilities make us one of the most
insightful and client-focused firms in the commercial real estate
industry.
Forward Looking Statements
The statement regarding the company’s growth in this press
release may constitute a forward-looking statement within the
meaning of the federal securities laws.
Forward-looking statements relate to expectations, projections,
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts.
The forward-looking statements contained in this press release
reflect our current views about future events and are subject to
numerous known and unknown risks, uncertainties, assumptions and
changes in circumstances that may cause actual results to differ
significantly from those expressed or contemplated in any
forward-looking statement.
While forward-looking statements reflect our good faith
projections, assumptions and expectations, they are not guarantees
of future results. Furthermore, we disclaim any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, new information, data
or methods, future events or other changes, except as required by
applicable law. Factors that could cause our results to differ
materially include, but are not limited to: (1) general economic
conditions and multifamily and commercial real estate market
conditions, and (2) regulatory and/or legislative changes to
Freddie Mac, Fannie Mae or HUD.
For a further discussion of these and other factors that could
cause future results to differ materially from those expressed or
contemplated in any forward-looking statements, see the section
titled "Risk Factors" in our most recent Annual Report on Form 10-K
and any updates or supplements in subsequent Quarterly Reports on
Form 10-Q and our other filings with the SEC. Such filings are
available publicly on our Investor Relations web page at
https://www.walkerdunlop.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20230711826341/en/
Investors: Kelsey Duffey Investor Relations Phone
301.202.3207 investorrelations@walkeranddunlop.com
Media: Nina H. von Waldegg VP, Public Relations Phone
301.564.3291 info@walkeranddunlop.com
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