Latest news with #Young
Business Upturn
16 hours ago
- Business
- Business Upturn
Sun Communities, Inc. Announces CEO Transition
Southfield, Michigan, July 23, 2025 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) ('Sun' or the 'Company'), a real estate investment trust (REIT) that owns and operates, or has an interest in, manufactured housing ('MH') and recreational vehicle ('RV') communities (collectively, the 'properties'), today announced that its Board of Directors (the 'Board') has appointed Charles D. Young as Chief Executive Officer ('CEO'), effective October 1, 2025. Mr. Young, who will also join the Company's Board of Directors, succeeds Gary A. Shiffman, who previously announced his planned retirement from the role of CEO after a distinguished 40 years leading Sun. Mr. Young is a seasoned senior real estate and investment executive with over 25 years of leadership experience in real estate operations, development, and investment management. Since March 2023, he has served as President of Invitation Homes Inc., the nation's premier single-family home leasing and management company. He previously served as Chief Operating Officer of Invitation Homes, as well as in senior roles at Starwood Waypoint Homes and Mesa Development. Earlier in his career, he worked at Goldman Sachs in real estate principal investment and M&A. Mr. Young holds a BA in Economics and an MBA from Stanford University's Graduate School of Business. He is on the Board of Directors of Floor & Decor (NYSE: FND) and serves on the Stanford University Board of Trustees. 'As part of our planned management succession, we conducted a rigorous and thoughtful selection process, and Charles is highly qualified to be Sun Communities' new CEO,' said Tonya Allen, co-Chair of the Board's CEO Succession Planning Committee. 'Charles brings a deep understanding of real estate operations, strategy, and leadership. His track record of success across both public and private platforms makes him uniquely positioned to lead Sun through its next phase of growth.' Meghan Baivier, Sun Communities' Lead Independent Director, said, 'On behalf of the Board of Directors, I extend our sincere gratitude to Mr. Shiffman for his dedication leading Sun for over 40 years. Under his guidance, Sun Communities has grown into a leading MH and RV platform, positioning the Company for continued success as it enters this next chapter.' Mr. Shiffman will serve as Non-Executive Chairman of the Board effective October 1, 2025. Gary A. Shiffman, Chairman and CEO of Sun Communities said, 'I am very proud of what we accomplished building and leading Sun, and I am confident we are well-positioned to continue to execute on our strategic priorities. I am incredibly excited to welcome Charles to Sun as our CEO to take our vision forward, and I look forward to a smooth transition and supporting the Company and our team members.' Mr. Young added, 'I am honored to join Sun Communities as CEO and member of its Board of Directors, where I will partner with the talented professionals who have built the Company into an industry leader with a preeminent MH and RV portfolio. I look forward to building on the strong foundation established by Gary and the team while delivering long-term value for shareholders, residents, and team members.' Under Mr. Shiffman's leadership, Sun Communities executed its initial public offering ('IPO') in 1993 and has since achieved significant growth while driving substantial shareholder value. During his tenure as CEO, the Company: Grew to a market capitalization of over $16.5 billion from its approximately $100 million IPO; Expanded its 31-property portfolio into a leading owner and operator of more than 500 MH and RV communities across North America and the United Kingdom; Delivered a total return of over 4,100% from its 1993 IPO through June 30, 2025, including an over 150% total return for the ten years ended June 30, 2025; and Generated Same Property average annual NOI growth of 5.3% for the past 25 years without a negative year-over-year Same Property NOI quarterly performance. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of March 31, 2025, owned, operated, or had an interest in a portfolio of 502 developed properties comprising approximately 174,850 developed sites in the United States, Canada, and the United Kingdom. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This press release contains various 'forward-looking statements' within the meaning of the Securities Act of 1933, as amended (the 'Securities Act'), and the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. For this purpose, any statements contained in this press release that relate to expectations, beliefs, projections, future plans and strategies, trends or prospective events or developments and similar expressions concerning matters that are not historical facts are deemed to be forward-looking statements. Words such as 'forecasts,' 'intend,' 'goal,' 'estimate,' 'expect,' 'project,' 'projections,' 'plans,' 'predicts,' 'potential,' 'seeks,' 'anticipates,' 'should,' 'could,' 'may,' 'will,' 'designed to,' 'foreseeable future,' 'believe,' 'scheduled,' 'guidance', 'target' and similar expressions are intended to identify forward-looking statements, although not all forward looking statements contain these words. These forward-looking statements reflect the Company's current views with respect to future events and financial performance, but involve known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in or incorporated herein, some of which are beyond the Company's control. These risks, uncertainties and other factors may cause the Company's actual results to be materially different from any future results expressed or implied by such forward-looking statements. Details of potential risks that may affect the Company are described in the Company's periodic reports filed with the U.S. Securities and Exchange Commission, including in the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements included or incorporated by reference into this document, whether as a result of new information, future events, changes in the Company's expectations or otherwise, except as required by law. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. All written and oral forward-looking statements attributable to the Company or persons acting on the Company's behalf are qualified in their entirety by these cautionary statements. For Further Information at the Company: Fernando Castro-CaratiniChief Financial Officer(248) 208-2500
USA Today
a day ago
- Sport
- USA Today
Panthers QB Bryce Young speaks on building chemistry with WR Hunter Renfrow
Carolina Panthers quarterback Bryce Young seems to be enjoying his front-row seat for the comeback of wide receiver Hunter Renfrow. Young hit the lectern following his team's first practice session of training camp on Wednesday. He was asked about Renfrow, who caught quite a few nice passes from Young during the opening outing. "He has such a great feel for the game," Young told reporters. "Versus man, versus zone—he just has a great knack for getting open. He understands concepts. Understands defensive leverage. Does a really good job at the top of routes, creating separating, giving indicators. Really friendly and easy to throw to as a quarterback. So, super excited to build chemistry with him." Renfrow, a Pro Bowler in 2021, missed the entire 2024 campaign due to a battle with ulcerative colitis. He spent the prior five seasons with the Las Vegas Raiders—amassing 269 receptions for 2,884 yards and 17 touchdowns. A Myrtle Beach, S.C. native and Clemson University product, Renfrow stayed local this offseason—signing with the Panthers on a one-year deal back in April. Follow @ThePanthersWire on Twitter/X for more Panthers content.
NZ Herald
a day ago
- Business
- NZ Herald
Agribusiness and Trade: Serko taps Bengaluru talent after acquisition
'We were looking for a new development hub and wanted to expand our global footprint. When we had the opportunity for the GetThere acquisition, India became our top choice. 'There's a good saturation of the knowledge we need for our business. In particular, we found people with corporate travel knowledge. That comes from Sabre's strong presence there. There are lots of folk working in the same domain as us there so getting people with travel knowledge is easier than in New Zealand. 'We didn't just get engineers, we got people who already understood corporate travel,' Young says. His colleague, Serko chief marketing officer Nick Whitehead says many of the company's leadership team had prior experience working with Indian teams, including himself at Expedia. Young says there is a cultural connection, in part due to the Indian expats working in tech roles in New Zealand. And then there is cricket. 'If you mention cricket, you've got instant rapport,' says Young. 'There's a natural affinity between India and New Zealand.' The company has supported this by encouraging two-way travel — sending New Zealand staff to India and bringing Indian leaders to New Zealand. Whitehead says Bengaluru is a competitive and vibrant tech hub. 'There's fierce competition for talent. We've hired senior leaders from Uber and others, who then attract great talent.' Serko chief marketing officer Nick Whitehead To win in a tight market, Serko had to invest in local branding and recruit top-down. Young says the team is 'phenomenally talented', and the perception of India as a source of only junior, low-cost labour is outdated. That may have been the case 20 years or so ago, not today. Running the Bengaluru hub has allowed Serko to tap into India's expertise in running global operations. Whitehead says: 'They think in terms of global command centres,' noting that India's fast-developing infrastructure and deep technical base provide a strong foundation for scaling. And that is factored into Serko's plans. 'We've got big ambitions to grow substantially, and the experience we've had to date in Bengaluru shows that we can get really good quality talent there. We need good leaders,' says Whitehead. Attracting talent in India means building the company's brand. 'We found everyone there reads the Hindustan Times in the morning, so we advertised in that newspaper. That's not something you'd think of doing here if you want to reach technology candidates. We've also been doing PR in general to become a more visible brand.' For now, India is not a core customer market for Serko, though that is likely to change over time. Whitehead says: 'It's the eighth-largest business travel market in the world, but its structure differs from Western markets — especially in areas like payments and procurement, which remain manual in many cases.' Serko faced some regulatory hurdles. Establishing a local presence required navigating paperwork, bank set-up, and director appointments. Young says this all took a long time, but there was nothing insurmountable. Serko had set up a company in India years ago and was paying a local director because that was easier than shutting down and starting again. It's less than a year since Serko acquired GetThere and the experience has been positive. Young says: 'It's been a great way to expand our global footprint. We've learned a lot, the quality of people has been outstanding, and it's laid a strong foundation for the future.'
a day ago
- Sport
Frank Reich excited about Bryce Young's resurgence after 'terrible' start to QB's NFL career
CHARLOTTE, N.C. -- Stanford interim head football coach Frank Reich was walking to dinner in downtown Charlotte with four of his Cardinal players on Monday night when he heard a familiar voice from a passing car. 'Coach Reich, coach Reich!' the voice said. Soon the car stopped and pulled over and Carolina Panthers quarterback Bryce Young popped his head out the window to say hello and catch up with the coach who drafted him No. 1 overall in the 2023. Reich, viewed as a developer of quarterbacks, had been entrusted with Young's growth under center but the relationship was cut short early when Panthers owner David Tepper fired Reich just 11 games into his first season after a 1-10 start to the 2023 season. Young struggled under Reich's tutelage, something that carried over to 2024 when the former Heisman Trophy winner was benched two games into the season by new coach Dave Canales. Young would remain on the bench until veteran Andy Dalton sprained his thumb in a car accident in late October, allowing him to reclaim the starting job. Young made the most of his second chance. He finished the season with a flurry, completing 65% of his passes for 612 yards with seven touchdowns and no interceptions in his final three starts. Young accounted for five TDs — three passing and two rushing — in the Panthers' season-ending 44-38 overtime win against Atlanta, giving the franchise hope that he had finally turned the corner. 'I'm happy for Bryce,' Reich said Tuesday at ACC media days of Young's resurgence. 'We all know he was a good player." Reich said the way things started in the NFL for Young was 'terrible.' 'It was terrible for him; it was terrible for all of us who were a part of it,' Reich said. "There were so many things to unwind there before it could get going in the right direction and that just takes time. Sometimes you are given time as a head coach and sometimes you're not." When asked what he meant by 'things to unwind," Reich declined to elaborate, indicating he was only making a general statement. Reich said he has no regrets about his decision to start Young as a rookie in Week 1. 'To me I still hold the philosophy that if you're the first pick in the NFL draft, you're starting,' Reich said. 'To me that is a universal football principle. You're drafted number one, you're starting week one. Now if the rest of the roster isn't ready to support you, that's a different question. And sometimes it just takes a younger guy time to develop.' Young will open his third NFL season as Carolina unquestioned starting quarterback when the Panthers begin training camp on Wednesday in Charlotte.
San Francisco Chronicle
a day ago
- Sport
- San Francisco Chronicle
Frank Reich excited about Bryce Young's resurgence after 'terrible' start to QB's NFL career
CHARLOTTE, N.C. (AP) — Stanford interim head football coach Frank Reich was walking to dinner in downtown Charlotte with four of his Cardinal players on Monday night when he heard a familiar voice from a passing car. 'Coach Reich, coach Reich!' the voice said. Soon the car stopped and pulled over and Carolina Panthers quarterback Bryce Young popped his head out the window to say hello and catch up with the coach who drafted him No. 1 overall in the 2023. Reich, viewed as a developer of quarterbacks, had been entrusted with Young's growth under center but the relationship was cut short early when Panthers owner David Tepper fired Reich just 11 games into his first season after a 1-10 start to the 2023 season. Young struggled under Reich's tutelage, something that carried over to 2024 when the former Heisman Trophy winner was benched two games into the season by new coach Dave Canales. Young would remain on the bench until veteran Andy Dalton sprained his thumb in a car accident in late October, allowing him to reclaim the starting job. Young made the most of his second chance. He finished the season with a flurry, completing 65% of his passes for 612 yards with seven touchdowns and no interceptions in his final three starts. Young accounted for five TDs — three passing and two rushing — in the Panthers' season-ending 44-38 overtime win against Atlanta, giving the franchise hope that he had finally turned the corner. Reich said the way things started in the NFL for Young was 'terrible.' 'It was terrible for him; it was terrible for all of us who were a part of it,' Reich said. "There were so many things to unwind there before it could get going in the right direction and that just takes time. Sometimes you are given time as a head coach and sometimes you're not." When asked what he meant by 'things to unwind," Reich declined to elaborate, indicating he was only making a general statement. Reich said he has no regrets about his decision to start Young as a rookie in Week 1. 'To me I still hold the philosophy that if you're the first pick in the NFL draft, you're starting,' Reich said. 'To me that is a universal football principle. You're drafted number one, you're starting week one. Now if the rest of the roster isn't ready to support you, that's a different question. And sometimes it just takes a younger guy time to develop.' ___
