Appointment of Two Female Directors
Challenge
Board Diversity
Actions
In November 2019, PECO appointed Liz Fischer and Jane Silfen to its Board of Directors. Ms. Fischer was recently appointed Chair of the Nominating & Governance Committee and has been a member of the Audit Committee since joining the PECO Board. Ms. Silfen serves as a member of the Compensation Committee. With the addition of Fischer and Silfen. one-fourth of PECO's eight- person board of directors is female.
Fischer joined Goldman Sachs & Co. LLC in 1998 and most recently served as Managing Director of the Bank Debt Portfolio Group from 2010 until her retirement in May 2019, where she managed Leveraged Finance led syndicated loans. She also served four years as co-head of Goldman Sachs' firmwide Women's Network. Prior to joining Goldman Sachs, she held various positions in the leveraged finance, syndications, and risk management group at the Canadian Imperial Bank of Commerce (CIBC). Fischer began her career at KPMG LLP.
Silfen is the founder and owner of Mayfair Advisors LLC, which was founded in 2019 to advise clients on sustainability and clean technology investment opportunities. Since 2015, she has served as Vice President at Mayfair Management Co., Inc., a New York City-based family office, where she is responsible for overseeing and making public and private investments. Silfen began her career in investment banking at Goldman Sachs and later served as Vice President at Encourage Capital, LLC.
Outcomes
In July 2019 Phillips Edison & Co. appointed two women to its Board of Directors. With those two appointments the company's Board of Directors is currently 25% female.
Contact
Keith A. Rummer
Senior Vice President, Chief People, Diversity & Inclusion Officer
Quote
As one of the country's largest owners of grocery-anchored shopping centers, we are committed to ensuring our company reflects the diverse communities we serve. Embracing and celebrating diversity has been shown time and again to drive corporate and individual success across the board, and we've seen how these efforts support every aspect of our business from attracting and retaining the best-quality talent to leveraging diverse perspectives to inform decision-making and fuel innovation.