Clarke INC. Announces Senior Executive Leadership Changes

Clarke Inc. (the “Company” or “Clarke”) (TSX: CKI) today announced senior executive leadership changes for Clarke and its wholly-owned subsidiaries, Ravelin Properties REIT (“Ravelin”) and Holloway Lodging Corporation (“Holloway”). As the Company integrates its newly acquired commercial real estate portfolio, these leadership changes are designed to place the right leaders in the right roles, empower them with greater responsibility and decision-making authority, and provide the operational focus needed to maximize the performance of Clarke’s residential, hotel and commercial real estate portfolios.

• Tom Casey was promoted from Chief Financial Officer to President of Clarke, effective July 8, 2026.

• George Armoyan has stepped down as President while remaining in his current roles as Chairman and Chief Executive Officer of Clarke, effective July 8, 2026.

• Steve Cyr was promoted from Vice President, Accounting to Chief Financial Officer of Clarke, effective July 8, 2026.

• Tom Casey and Steve Darrow were appointed as Co-Chief Executive Officers of Ravelin and will jointly oversee the leadership, operations, and strategic direction of the company.

• Robert Sherman was promoted from Chief Operating Officer to President and Chief Operating Officer of Holloway.

• David Shahinian and Martin Pham have joined the Company as Executive Vice Presidents, U.S. Real Estate. They will oversee the Company’s Chicago portfolio and lead any future real estate investment activities across the United States.

“On behalf of the Company’s board of directors and management team, we would like to congratulate the entire team on their new and expanded roles within the Company and look forward to working closely with each of them to deliver on our commitment of generating long-term shareholder value,” commented George Armoyan, Chairman and Chief Executive Officer of Clarke.

ABOUT CLARKE

Clarke is real estate company with holdings across real estate sectors – primarily commercial, residential and hospitality. Clarke’s common shares (CKI) trade on the Toronto Stock Exchange. For more information about Clarke, please visit our website at www.clarkeinc.com.

Source : Clarke Inc.

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