MARIETTA, Ga., April 16,
2024 /PRNewswire/ -- FirstKey Homes, LLC ("FirstKey
Homes" or the "Company") announced today that Colleen Keating will step down as Chief
Executive Officer. Board of Directors members Chan Galbato and Brendan
Garvey have been appointed Executive Chairman and Lead
Director, respectively. In his role as Executive Chairman, Chan
will work closely with FirstKey Homes' leadership team to oversee
all strategic and operational aspects of the business.
"FirstKey Homes is proud to be a leader in delivering
exceptional offerings to individuals and families across
the United States," said Chan.
"Since our founding in 2015, we have grown to become the second
largest private single-family rental provider in the United States because of our dedicated
team members and their commitment to providing unrivaled resident
experiences. In our next stage of growth, we are excited to expand
our footprint and provide even more quality homes to hardworking
Americans."
In addition to his appointment as Executive Chairman of FirstKey
Homes, Chan has served on the Company's Board since its inception.
He also serves as the Chief Executive Officer of Cerberus
Operations and Advisory Company, the proprietary operations
platform for the funds and accounts managed by Cerberus Capital
Management, L.P. and its affiliates ("Cerberus"). Prior to
Cerberus, Chan served as an executive leader at The Home Depot.
This included roles as President of B2B businesses, which
encompassed five business units, including what would become HD
Supply. He was also President of Services for Home Depot. Earlier
in his career, Chan served as President and Chief Executive Officer
of Armstrong World Industries' global flooring unit, and also spent
14 years with General Electric in operating leadership positions at
six business units, including serving as President and Chief
Executive Officer of Coregis, a GE Capital company.
Brendan Garvey, also a Board
member of FirstKey Homes since its inception, is Co-Founder and
President of Cerberus' Residential Opportunities platform, and one
of FirstKey Homes' founding members. A seasoned leader in the
global residential sector, Brendan brings more than 30 years of
experience in investing and building market-leading platforms.
Prior to joining Cerberus, he spent 11 years as a Head Mortgage
Trader and Manager at Lehman Brothers, where he managed all risk
and trading operations for agency and non-agency residential
mortgages.
About FirstKey Homes
FirstKey Homes, LLC is a
privately-owned, single-family rental home property management
company with corporate headquarters in Marietta, Georgia. With a mission to give our
residents a place to call home, FirstKey Homes is proud to provide
safe, affordable, and well-maintained homes to individuals and
families across the United
States.
Contact
Alex
Horwitz
Vice President, Media and Public Relations
AHorwitz@firstkeyhomes.com
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SOURCE FirstKey Homes, LLC