Kennedy Wilson Announces Retirement of Mary Ricks as President and Transition Plan

Global real estate investment company Kennedy Wilson (NYSE: KW) today announced that after 33 years of dedicated service, Mary Ricks has decided to retire as President of Kennedy Wilson and as Director on the company’s Board. Mary will serve as a consultant to Kennedy Wilson to aid in the transition.

“As my trusted partner and dear friend, Mary has made a significant impact on me personally and has been instrumental in growing our company from an entrepreneurial start-up into a global real estate leader,” said Kennedy Wilson Chairman and CEO William McMorrow. “I am grateful to have had the opportunity to work side-by-side with Mary over the last three decades. She is a fearless leader with a team-first attitude, and we will miss her greatly.”

“Leading the teams at Kennedy Wilson, both in the U.S. and Europe, has been a remarkable journey and a true honor,” said Mary Ricks. “Launching the EU business, assembling a stellar team there, taking it public, and then having the privilege to serve as KW Europe's President and CEO are among the milestones I'm proud to have achieved. The establishment of multiple investment platforms with strategic partners in Irish PRS, UK/Irish Logistics and the value add space stands as a testament to our team’s collective efforts. I'm especially proud to have spearheaded initiatives like KWW - Kennedy Wilson Women, championing Diversity, Equity, and Inclusion. More than anything, it's the deep relationships forged over decades that I cherish the most and am immensely grateful for. I am very grateful to Bill for the opportunity and for our friendship and partnership over these many years.”

Concurrently, former Executive Vice President Matt Windisch was promoted to President of Kennedy Wilson. Matt Windisch joined the company 17 years ago and has spearheaded strategic planning, public markets activities, and overseen Kennedy Wilson’s expanding credit business, which has grown to $7 billion in total gross commitments, including future fundings and deals under contract. Matt has helped raise over $15 billion for the company and its various platforms, and he will continue to maintain many of the company’s key investor and banking relationships as his responsibilities expand to overseeing the commercial investment team and third-party capital raising.