Invesco Real Estate Income Trust Inc.
07/01/2025 | Press release | Distributed by Public on 07/01/2025 13:39
Management Change/Compensation (Form 8-K)
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
As previously disclosed, on February 5, 2025, Mr. James H. Forson, one of Invesco Real Estate Income Trust Inc.'s (the "Company") independent directors, notified the Company's Board of Directors ("Board") of his retirement from the Board, due to his outside duties and obligations, effective June 30, 2025.
On June 25, 2025, the Board appointed Ms. Julie Arrowsmith to serve as a director of the Company, effective as of July 1, 2025, to fill the vacancy created by Mr. Forson's departure, for the term ending at the 2025 annual meeting of stockholders. The Board also appointed Ms. Arrowsmith as a member of the audit committee of the Board, effective concurrently with the commencement of her Board service. Ms. Arrowsmith, age 56, is an accomplished executive and board member with over 25 years of leadership experience in accounting, finance and corporate strategy in the real estate and hospitality sectors. Ms. Arrowsmith served as the chief executive officer for two years at G6 Hospitality LLC, the owner, operator and franchisor of the Motel 6 and Studio 6 brands, until it was sold in December 2024. Prior to her CEO role, Ms. Arrowsmith served as the chief financial officer of G6 Hospitality LLC from October 2012 to January 2023, after having served in senior finance and accounting roles at Accor North America from 1995-2012. Prior to that, Ms. Arrowsmith held various audit roles with Deloitte from 1990 to 1995. Ms. Arrowsmith has served on the board of the University of North Texas College of Merchandising, Hospitality and Tourism since 2022. Ms. Arrowsmith earned a B.S. in Accounting from Texas A&M University, earned her certification in public accountancy in Texas, and is a member of the National Association of Corporate Directors. Ms. Arrowsmith brings an extensive background in accounting, financial reporting and corporate governance and qualifies as an audit committee financial expert, as such term is defined by applicable SEC rules and regulations.
Ms. Arrowsmith will receive the same compensation from the Company as the other non-employee/independent members of the Board. There are no family relationships between Ms. Arrowsmith and any of the Company's directors, executive officers or other key personnel reportable under Item 401(d) of Regulation S-K. There are no related party transactions between the Company and Ms. Arrowsmith reportable under Item 404(a) of Regulation S-K.
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