Exhibit 99.1
News Release
American Homes 4 Rent Appoints Michelle C. Kerrick to Board of Trustees
Retiring Deloitte Leader Brings Corporate Governance and REIT Experience
Company Continues Board Composition Refreshment Process,
Appoints Fifth Independent Trustee Since 2019
AGOURA HILLS, Calif., Sept. 11, 2020 – American Homes 4 Rent (NYSE: AMH), a leading provider of high-quality single-family homes for rent, today announced that Michelle C. Kerrick has been appointed as an independent trustee of the Board. She will serve on the Company’s Audit Committee and Compensation Committee.
Ms. Kerrick will retire effective Sept. 19, 2020, following a 35-year career at Deloitte, where she served as West Region Market Leader and Managing Partner of the Los Angeles office. She has extensive leadership experience as a trusted advisor to Fortune 500 senior executives, corporate boards and audit committees across a broad set of industries, including real estate investment trusts (REITs) and publicly traded homebuilders and developers.
Ms. Kerrick’s addition increases the size of the Board of Trustees to 13 members and is a continuation of the Board’s refreshment process. The Board has added five independent directors since the beginning of 2019. In addition, Kenneth M. Woolley was named independent Chairman of the Board in May 2020.
“We are very pleased to welcome Michelle to the AH4R board,” said David Singelyn, American Homes 4 Rent’s Chief Executive Officer and Trustee. “We will benefit from her decades of deep experience in corporate governance, financial and strategic planning, and as a trusted advisor to REITs. Michelle will complement our already strong group of trustees as AH4R continues to successfully execute on its strategy to provide desirable, durable and efficient homes and communities that help meet the growing need for high-quality housing options, while delivering superior returns for the Company’s shareholders.”
Douglas Benham, Chairman of the Nominating and Corporate Governance Committee of the AH4R Board of Trustees, stated, “Michelle’s addition reflects our continued commitment to refreshing the AH4R Board of Trustees with experienced business leaders who have independent perspectives and diverse backgrounds. We welcome the unique viewpoints and collective expertise in corporate governance, marketing and homebuilding that our newest trustees bring to the Board. We look forward to maintaining the right mix of skills, experience and diversity on the Board to continue overseeing the successful execution of the Company’s strategy to drive growth and create value.”
