On May 29, 2024, Philip R. Mays, age 56, was appointed Chief Financial Officer of CTO Realty Growth, Inc. effective as of June 17, 2024. Upon the effectiveness of Mr. Mays?s appointment, Mr. Mays will act as the Company?s principal financial officer, and Lisa M. Vorakoun will resume her role as Senior Vice President and Chief Accounting Officer of the Company. Mr. Mays was most recently the Chief Finance Officer of Shadowbox Studios, from September 2021 to February 2024.

Prior to that, from June 2011 to September 2021, Mr. Mays served as Chief Financial Officer and Executive Vice President of Cedar Realty Trust, Inc., a NYSE-listed retail real estate investment trust. His departure from Cedar coincided with Cedar?s announcement that it would explore strategic alternatives, and preceded by six months the announcement of Cedar?s sale. Before joining Cedar, Mr. Mays served as Chief Accounting Officer and Vice President of Finance of Federal Realty Investment Trust, a NYSE-listed retail REIT, from May 2005 to June 2011.

Earlier in his career, Mr. Mays held various accounting and finance positions, including seven years as an accountant at Ernst & Young LLP. At Ernst & Young LLP, he supervised audits and assisted clients in real estate, construction and hospitality, including public REITs. Mr. Mays received his Bachelor of Science in Accounting and Finance from Jacksonville University.

He is a member of the American Institute of Certified Public Accountants.