Skip to content

Phillips Edison Expands Board, Appoints Two New Independent Directors

Phillips Edison & Company Inc., an internally-managed real estate investment trust, has appointed Elizabeth Fischer and Jane Silfen to its board of directors.

Phillips Edison & Company Inc., an internally-managed real estate investment trust, has appointed Elizabeth Fischer and Jane Silfen to its board of directors, effective November 1, 2019. The appointments increase the size of the board to nine members with eight serving independently.

“Both Elizabeth and Jane bring an extraordinary set of experiences to our board. Their respective backgrounds in finance, investments, and sustainability advisory services will be invaluable to our organization as we seek to drive continued growth and deliver compelling risk-adjusted returns for our shareholders,” said Jeff Edison, chairman and chief executive officer of PECO.

Fischer joined Goldman Sachs in 1998 and most recently served as managing director of the bank debt portfolio group from 2010 until her retirement in May 2019, where she managed leveraged finance led syndicated loans. She also served four years as co-head of the firm’s women’s network.

Prior to Goldman, she worked at the Canadian Imperial Bank of Commerce and KPMG LLP. She holds a bachelor’s degree from Colgate University and a Master of Business Administration degree from New York University.

Silfen is the founder and owner of Mayfair Advisors LLC, which was founded in 2019 to advise clients on sustainability and clean technology investment opportunities. Since 2015, she has also been a vice president at Mayfair Management Co., Inc., a New York City-based family office, where she is responsible for overseeing and making public and private investments.

Silfen began her career in investment banking at Goldman Sachs and later served as vice president at Encourage Capital. She holds a bachelor’s degree from the University of Pennsylvania and a master’s degree in public policy and MBA from Harvard University.

Edison added, “Championing the advancement of women into leadership roles is a core mission that we seek to advance through a corporate initiative we call PECO NOW (Networking Opportunities for Women), and we’re thrilled to bring two highly experienced, qualified professionals onto our board.”

Phillips Edison & Company is one of the nation’s largest owners and operators of grocery-anchored shopping centers and manages a portfolio of 336 properties, including 298 wholly-owned properties comprising approximately 33.5 million square feet across 32 states, as of June 30, 2019. The company’s offering was declared effective by the SEC in August 2010 and raised approximately $1.8 billion in investor equity before closing in February 2014.

Click here to visit The DI Wire directory sponsor page.