American Homes 4 Rent announced that the Board of Trustees has expanded its board to 11 members and elected Wendy Webb and Jay Willoughby as independent trustees, effective immediately. Winifred (Wendy) Webb is Chief Executive Officer of Kestrel Corporate Advisors, which advises corporations on growth initiatives, governance, investor relations and strategic issues. Previously she was Managing Director at Tennenbaum Capital and Chief Communications and Investor Relations Officer at Ticketmaster. Her background includes 20 years as an executive at The Walt Disney Company, including as Senior Vice President of Investor Relations and Shareholder Services, responsible for the company's strategic and financial communications worldwide, and as Executive Director of The Walt Disney Company Foundation. Ms. Webb is currently a member of the board of directors of Wynn Resorts and of ABM Industries. She previously served on the board of directors of TiVo Inc., of 9 Spokes and of Jack in the Box. She also serves as Co-Chair of non-profit Women Corporate Directors (WCD), Los Angeles/Orange County Chapter. Jay Willoughby is the Chief Investment Officer of TIFF Investment Management where he is responsible for allocating capital on behalf of over 600 non-profit institutions for whom TIFF manages capital. Before joining TIFF in 2015, Mr. Willoughby spent four years as the Chief Investment Officer of The Alaska Permanent Fund, with approximately $50 billion in assets and which was an early investor in American Homes 4 Rent. Previously, he was co-managing partner at Ironbound Capital Management and spent nine years with Merrill Lynch Investment Managers, LP as CIO Private Investors Group, head of research for Equity Funds and as Senior Portfolio Manager for the Merrill Lynch Real Estate Fund. Mr. Willoughby has been in the investment business for 35 years. He is a CFA charterholder and serves on the board of the Sustainability Accounting Standards Board (SASB) Foundation, which supports the development of accounting standards that help investors understand which sustainability factors can have a material impact on the future financial performance of individual public companies. Dann V. Angeloff, a trustee of the Company since 2012, will retire from the Company effective with the 2019 Annual Meeting pursuant to the Board’s Trustee retirement policy and will not stand for re-election.
American Homes 4 Rent is an internally managed Maryland real estate investment trust (REIT). The Companyâs primary objective is to generate risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, developing, renovating, leasing and managing single-family homes as rental properties. It owns 59,332 single-family properties in select submarkets of metropolitan statistical areas in 21 states. The Company is also focused on developing built-for-rental homes through its internal AMH Development Program. In addition, it also acquires newly constructed homes from third-party developers through its National Builder Program. Its operations are dependent upon its resident portal and property management platforms, including marketing, leasing, vendor communications, finance, intracompany communications, resident portal and property management platforms, which include certain automated processes that require access to telecommunications or the Internet.
AMERICAN HOMES 4 RENT 
