– USA, CA – Retail Opportunity Investments Corp. (NASDAQ: ROIC) today announced the appointments of Zabrina Jenkins and Adrienne Banks Pitts to its Board as Independent Directors, effective December 15, 2021
Concurrently, Charles Persico has advised the Board that he will not stand for re-election to the Board at the next annual meeting.
“We are delighted to welcome Ms. Jenkins and Ms. Pitts to the Board. Both are highly respected and accomplished leaders who will bring unique and valued expertise to the Board,” said Board Chairman, Richard Baker.
ROIC also announced today that director Charles Persico has advised the Board that he will not stand for re-election to the Board at ROIC’s 2022 annual meeting. After that annual meeting, the ROIC Board will consist of nine directors, seven of whom will be independent.
About Zabrina Jenkins
Ms. Jenkins is SVP and Deputy General Counsel of Starbucks Corporation. Ms. Pitts is Managing Director, General Counsel, and Corporate Secretary of Loop Capital, LLC, the largest minority-owned investment bank and broker-dealer in the United States, including its investment management joint venture with Magic Johnson Enterprises, known as JLC Infrastructure.
Ms. Jenkins, 51, has served as Senior Vice President and Deputy General Counsel of Starbucks Corporation since February 2020 (NASDAQ: SBUX). In this role, she leads a diverse cross-functional team responsible for legal strategy, real estate, intellectual property, employment, commercial transactions, and litigation. From January 2019 to February 2020, Ms. Jenkins served as Vice President and Interim Chief Ethics and Compliance Officer, and from April 2016 to January 2019 she served as Managing Director at Starbucks Corporation. Ms. Jenkins joined Starbucks Corporation in 2005 and before that was an attorney in private practice. Additionally, Ms. Jenkins serves as an Executive Champion of the Starbucks Black Partner Network, advises the Inclusion and Diversity Committee for the Law & Corporate Affairs department, and provides legal counsel to the Audit Committee of the Starbucks Corporation Board of Directors. Ms. Jenkins also currently serves as a member of the Board of Trustees for Central Washington University and as a member of the Advisory Board of Washington Leadership Institute and the Board of Directors of the Loren Miller Bar Foundation. Ms. Jenkins was selected as a 2019-2020 fellow of the International Women’s Forum.
Ms. Jenkins received a B.S. in Business Administration, Finance from Central Washington University, an M.S. in Higher Education Administration from Syracuse University School of Education, and a J.D. from Syracuse University College of Law. We believe Ms. Jenkins’ extensive legal and corporate experience makes her qualified to serve as a director.
About Adrienne Banks Pitts
Ms. Pitts has served as Managing Director and General Counsel for Loop Capital, LLC since July 2016, and was recently appointed Corporate Secretary. In this role, she manages all legal concerns for the firm’s multiple financial services units, including real estate investments, corporate and public finance, its infrastructure fund, its growing real estate platform, as well as other asset and investment management matters. She works with these business units to assess risks related to M&A, capital and debt raising, and the firm’s other financial offerings and investments. Before that, from 1995 to 2015, Ms. Pitts was an attorney in private practice, elected to partner or principal at three international law firms where she served as both a litigator and transactional lawyer and represented large public and private companies in the areas of antitrust, banking, corporate governance, M&A, securities regulatory compliance, as well as white-collar criminal defense. Ms. Pitts also currently serves on the Finance and Audit Committees of the Francis W. Parker School in Chicago, as well as on World Business Chicago’s Legal Advisory Board.
Ms. Pitts received a B.A. in Economics from the University of Pennsylvania, and a J.D. from Boston University School of Law. We believe Ms. Pitts’ extensive legal and corporate experience makes her qualified to serve as a director.
About Retail Opportunity Investments Corp
Retail Opportunity Investments Corp is a fully-integrated, self-managed real estate investment trust that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of September 30, 2021, ROIC owned 86 shopping centers encompassing approximately 9.8 million square feet. ROIC is the largest publicly- traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody’s Investor Services, Standard & Poor’s, and Fitch Ratings, Inc.
For more information: https://www.roireit.net/
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