Lynne Winings, President of Strategic Operations & Chief Financial Officer at GBX Group LLC, has been named President of the company.
GBX is a leading Cleveland-based real estate investment company specializing in historic properties.
In making the announcement, Drew Sparacia, Chief Executive Officer, said, “Since joining us in 2011, Lynne has acquired a deep understanding of the financial and technical aspects of our business. Over the last two years, she has played a vital role in developing and driving our business model. Most importantly, Lynne has established herself as a trusted leader and the ‘go to’ person on a broad range of issues.”
In her new position, Winings will be responsible for general operations, investor relations and financial reporting of the company. She will also share responsibilities for the strategic finance and originations roles with Sparacia.
A search is underway for a new Chief Financial Officer who will report directly to Winings.
Winings joined GBX as Director of Finance and quickly rose to become Chief Financial Officer. In her most recent role, she managed the financial performance of the company, and assisted with developing and overseeing the strategic initiatives of the firm. Her analytical skills have played an integral role in transaction analysis and execution.
Prior to joining GBX, Winings was Director of Finance at RIK Enterprises, LLC where she managed the company’s financial reporting, investment strategies and asset allocation. She previously served as an analyst in the private equity industry.
A graduate of Middlebury College with a Bachelor of Arts degree in economics, she received her MBA in business administration from Case Western Reserve University.