CRIIMI Mae Names New Directors

ROCKVILLE, MD-Now that CRIIMI Mae has emerged from bankruptcy, the commercial mortgage company has expanded its board of directors from six to nine members. The expansion is part of the company’s financial reorganization. “The new Board members provide experience in relevant fields such as commercial real estate, financial restructuring, real estate investment trust operations and information technology,” says CRIIMI Mae’s chairman, William B. Dockser.

The five new directors are: John R. Cooper, senior vice president, finance of PG&E National Energy Group and chief financial officer of PG&E National Energy Group, a subsidiary of the National Energy Group, Bethesda, MD; Alan M. Jacobs, president, AMJ Advisors LLC, Woodmere, NY, a company that provides expertise in business turnarounds, corporate restructuring and reorganization; Donald J. MacKinnon, CEO and president of REALM, New York, NY, a business-to-business e-commerce hub that combines the resources of several real estate software companies; Donald C. Wood, president and CFO, Federal Realty Investment Trust, Bethesda, MD; Michael F. Wurst, principal, Meridian Realty Advisors, Inc., Dallas, TX, a real estate investment firm focusing on out-of-favor or liquidity-challenged sectors and assets.

Directors to remain on the board are CRIIMI Mae’s chairman William B. Dockser and president William Willoughby; Robert J. Merrick, chief credit officer and director, MCG Capital Corp., Richmond, VA; and Robert E. Woods, managing director and head of loan syndication for the Americas, Societe Generale, New York, NY.