Benzinga | May 7, 2021 12:38PM EDT

iStar Announces Jeremy Fox-Geen Stepping Down As CFO; BZ NOTE: iStar Owns Safehold, Which Earlier Announced The Same News

Star Inc. (NYSE:STAR) announced today that Chief Financial Officer Jeremy Fox-Geen will be leaving iStar this month to join a company in the cryptocurrency infrastructure space.

Jay Sugarman, Chief Executive Officer, commented, "We thank Jeremy for his contributions at iStar, and wish him well in his next endeavor. Given our strong capital markets and investor relations teams, as well as our deep accounting and tax teams, we will not seek a replacement in the near term, while we continue to execute upon our strategy of scaling the ground lease ecosystem and ensuring the full value of our portfolio is recognized by investors."

Jeremy Fox-Geen said, "While excited for my new opportunity, I am saddened to leave such a high-quality institution. iStar and Safehold are great companies, with strong leadership and a terrific team. I look forward to watching their continued success."