Wes Edens Remains Chairman of the Board at Drive Shack Inc.

Wes Edens is the Co-Chief Executive Officer of Fortress Investment Group a global alternative asset investment firm and remains the Chairman of the Board for the Drive Shack Inc. that has made a decision to internalize the management of the company. An agreement was made in December 2017 for Drive Shack to formally file paperwork to control management decisions and the internalization of the company’s staff as of January 2018. This decision was made in order to have more hands-on decision-making powers and direction for the company as a whole. Wes and Fortress Investment Group has agreed with the decision and will continue to provide the necessary financial backing as the manager and will continue to also give intellectual guidance and leadership from Wes Edens. He has been a leader at Fortress Investment Group from the very inception in 1998 when he partnered with 4 other investors to form the powerful global financial investment firm. Wes Edens is currently co-owner of the Milwaukee Bucks a franchise in the National Basketball Association.

Wes has demonstrated a track record of continuous high-level leadership roles over his vast career as an investment manager. In fact, he began his career at Lehman Brothers and begins compiling a portfolio of strong intellectual financial insight and perspective that would allow him to create opportunities for profit within this organization. He also held a position at BlackRock Asset Investors in their Private Equity Division and quickly rose through the ranks of leadership and responsibilities within the organization that led to continued career opportunities. In 1998 Fortress Investment Group was founded and he became one of the leaders within the organization serving as Chief Executive Officer and providing extremely knowledgeable corporate governance of the organization that has led to exceptional growth and profitability of the company and eventual elevation of the organization into a global financial conglomerate.

Wes and his partners at Fortress Investment Group have solidified their formula of transitioning alternative asset groups that are distressed, illiquid and underperforming into opportunities to increase profits and generate long-term income streams and lucrative cash buyouts. By serving Drive Shack as Manager, Fortress Investment Group is continuing to provide high-level leadership and corporate guidance for the organization to grow and thrive. The organization is agreeing to internalize their management structure and allow Wes Edens to continue to sit on the board as chairman which will provide the necessary leadership and guidance to solidify the successful track record that has been laid for the organization.

Leave a Reply

Your email address will not be published. Required fields are marked *