Richard D. Nanula Joins Colony Capital as Principal
Former Amgen, Disney & Starwood Hotels Executive to Take On Senior Role
LOS ANGELES, CA – January 7, 2008 – Colony Capital, LLC today announced that Richard D. Nanula has joined the firm as a Principal, reporting to Chairman & Chief Executive Officer Thomas J. Barrack, Jr. Mr. Nanula will take on a senior role in all firm activities worldwide, with a special focus on existing and future operating company transactions. He will be based in the firm’s Los Angeles office.
Mr. Nanula, 47, most recently served as Executive Vice President and Chief Financial Officer of Amgen, Inc. During his six-year tenure as a member of the company’s executive committee, he was responsible for finance, corporate strategy, mergers & acquisitions, and internal and external relations. Under Nanula’s oversight, Amgen made a number of significant acquisitions and raised substantial capital.
From 1986 to 1998, Mr. Nanula held a variety of increasingly senior executive positions at the Walt Disney Company, culminating in the role of Senior Executive Vice President and Chief Financial Officer. He also served as President of Disney Stores Worldwide, among other roles.
Prior to joining Amgen, he served as President and Chief Operating Officer for Starwood Hotels and Resorts in New York.
Mr. Barrack said, “We welcome Richard to the firm. His extraordinary experience at the highest levels in management, strategic planning, and corporate finance for sector leaders like Amgen and Disney will be invaluable in helping source and steward our investment activities around the world.”
“I have known Tom Barrack and many of his partners at Colony for more than a decade, and I have tremendous respect for their investment acumen and success,” said Mr. Nanula. “I could not be more pleased to become a partner with a private equity leader like Colony.”
Mr. Nanula has served on the Board of Directors for Starwood Hotels & Resorts Worldwide, Inc., The Boeing Company, and Expedia. He received his master’s degree in business administration from Harvard Business School in 1986, and his bachelor’s degree in economics in 1982 from the University of California, Santa Barbara, where he now sits on the board of trustees.
About Colony Capital
Founded in 1991 by Chairman and Chief Executive Officer Thomas J. Barrack Jr., Colony Capital is a private, international investment firm focusing primarily on real estate-related assets, securities and operating companies. The firm has invested approximately $36 billion in over 8,500 assets through various corporate, portfolio and complex property transactions. Colony has a staff of more than 160 and is headquartered in Los Angeles, with offices in New York, Boston, Hawaii, London, Madrid, Paris, Rome, Beirut, Hong Kong, Seoul, Beijing, Taipei, and Tokyo. For more information visit www.colonyinc.com.
# # #
Contact:
Lisa Baker
Owen Blicksilver Public Relations, Inc.
+1 914-725-5949
lisa@blicksilverpr.com