Apollo Commercial Real Estate Finance, Inc. expands the board of directors

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NEW YORK, July 26, 2021 (GLOBAL) – Apollo Commercial Real Estate Finance, Inc. (The “Company” or “ARI”) (NYSE: ARI) today announced the creation of a Board of Directors (“Management Board”). The Company has elected Pamela Carlton as Independent Director effective July 22, 2021. Ms Carlton joins the newly expanded ARI Board following the election of Carmencita Wonder at the Company’s annual meeting earlier this year. The election of Ms. Carlton increased the total number of board members to ten, six of whom are independent directors. She will be a member of the remuneration committee.

Commenting on the expanded Board, Michael Salvati, Non-Executive Chairman of the ARI Board, said: “We are very pleased to welcome Pamela and Carmencita, who joined us earlier this year, to the ARI Board. Both women are experienced leaders and we believe their knowledge and experience will be of great benefit to ARI. ”

Ms. Carlton is President of Springboard – Partners in Cross Cultural Leadership, LLC. After 22 years as a Wall Street investment banker, Ms. Carlton founded Springboard, a diversification, equity and inclusion strategy consulting firm. Prior to founding Springboard, Ms. Carlton retired as Managing Director and Associate Director of US Equity Research at JPMorgan Chase and served as Director of US Equity Research at Chase Asset Management. Prior to JPMorgan Chase, Pamela worked as an investment banker at Morgan Stanley and served as Morgan Stanley’s co-director of US and Latin American equity research. She began her career as a corporate attorney at Cleary Gottlieb Steen & Hamilton. Ms. Carlton also serves on the Board of Directors of Evercore (NYSE: EVR), the Board of Directors of Columbia Threadneedle Investments (Board of Ameriprise Mutual Funds), the Board of Directors of DR Bank and the Board of Directors of New York. Presbyterian Hospital. She is a member of the New York Women’s Forum. Ms. Carlton received her BA from Williams College, graduated from Magna Cum Laude, was a Fellow of the Phi Beta Kappa Society, and was elected President of the Phi Beta Kappa Society of Willams College. She also earned a Juris Doctor degree from Yale Law School and an MBA from Yale School of Management.

Ms. Wonder is the Director of Policy at Brownstein Hyatt Farber Schreck, LLP, a lobbying and law firm. She also founded OF WHONDER, a tailored luxury womenswear brand, and is the CEO of the Whonder Apparel Group, LLC. Previously, Ms. Wonder served as Director of Human Resources for the Senate Subcommittee on Housing, Transportation and Community Development and was Senior Advisor to the Senate Committee on Banking, Housing and Urban Affairs for United States Senator Charles E. Schumer. During the 109th Congress, she served as Director of Minority Affairs on the Senate Economic Policy Subcommittee. Ms. Wonder has also served as a Leadership Training Advisor for the Gates Millennium Scholars Program / UNCF, an initiative of the Bill & Melinda Gates Foundation. Ms. Wonder currently serves on the Board of Directors of Direct ChassisLink, Inc. and also on the Board of Directors of the DC Jazz Festival. Ms. Wonder holds a BA from Howard University, a Diploma from the Pontifical University of Salamanca and an MA in International Public Policy from Johns Hopkins University.

About Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment fund that primarily creates, purchases, invests and manages commercial first mortgages, subordinated financing and other debt investments related to commercial real estate. The company is outsourced and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a fast-growing global alternative management company with approximately $ 461 billion in assets under management as of March 31 … , 2021

Additional information can be found on the Company’s website at: www.apolloreit.com

Forward-looking statements
Certain statements contained in this press release are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Stock Exchange Act 1934, as amended, and such statements are intended to be covered safe harbor provided by the same. Forward-looking statements involve significant risks and uncertainties, many of which are difficult to predict and usually beyond the control of the Company. These forward-looking statements include information about the Company’s possible or anticipated future results of operations, financial condition, liquidity, operating results, plans and goals. As used in this release, the words “believe,” “expect,” “expect,” “estimate,” “plan,” “continue,” “intend,” “may,” or similar expressions, are intended to indicate forward-looking statements. Statements on the following issues, among others, may be promising: macro and microeconomic impacts of the COVID-19 pandemic; the severity and duration of the COVID-19 pandemic; actions taken by government agencies to contain the COVID-19 pandemic or eliminate its consequences; the impact of the COVID-19 pandemic on the financial condition, results of operations, liquidity and basic resources of the Company; market trends in the Company’s industry, interest rates, property values, debt securities markets or the economy as a whole; the timing and amount of expected future financing of unfunded liabilities; return on equity; return on investment; the ability to borrow to finance assets; the Company’s ability to use the proceeds from its capital increase or acquire target assets; and the risks associated with investing in real estate, including changes in the business environment and the economy as a whole. For an additional list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. Forward-looking statements and other risks, uncertainties and factors are based on the beliefs, assumptions and expectations of the Company regarding its future results, taking into account all the information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

CONTACT: Hilary Ginsberg
Investor Relations Investor Relations
(212) 822-0767

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