JBG Smith Promotes 3 Executives To C-Suite Positions As CFO Retires

JBG Smith has added three new members to its C-suite, including a new chief financial officer.

The Bethesda-based REIT announced Thursday it appointed Moina Banerjee to serve as CFO, to begin Jan. 1 following the retirement of Steve Theriot. 

It also appointed George Xanders as chief investment officer and Carey Goldberg as chief human resources officer, two newly created roles. They will also start the new positions on Jan. 1. 

Banerjee, who joined JBG Smith in 2010, previously served as executive vice president and head of capital markets. She has worked on major deals including this year's $385M refinancing of three loans backed by apartment buildings in National Landing and Capitol Riverfront. 

Theriot worked for Vornado before it merged its D.C. portfolio with The JBG Cos. in 2017 to form JBG Smith, after which time he became CFO of the REIT. JBG Smith CEO Matt Kelly said he is grateful to Theriot for his work in leading the company's financial operations, and he is "thrilled" to welcome Banerjee to her new position. 

"Her extensive investment, finance, and portfolio management experience, combined with Steve’s expert guidance over the last four years, have more than prepared her for the CFO role," Kelly said in a release. 

Xanders joined JBG Smith in 2008 and previously served as executive vice president and co-head of acquisitions. He has worked on the REIT's capital recycling strategy that has resulted in the sale or recapitalization of $1.6B in assets. 

Goldberg joined JBG Smith in 2018 as executive vice president of human resources. She previously worked at Marriott International and Ritz-Carlton Hotel Co.

The appointments come as the REIT industry is working to improve the diversity of its executive-level positions. A Bisnow analysis of the industry last month found the C-suites and boards of the nation's largest REITs remain overwhelmingly white and male.