The Board of Directors of Ares Commercial Real Estate Corporation appointed David Roth as President of the Company, effective July 22, 2019. Since joining Ares Management Corporation in January 2019, Mr. Roth has served as a Partner in the Ares Real Estate Group and Head of U.S. Real Estate Private Equity. Mr. Roth is a member of the Ares Global Real Estate Investment Committee and also serves as a member of the Management Committee of Ares Management Corporation. In connection with Mr. Roth's appointment, effective July 22, 2019, James A. Henderson stepped down from his position as President of the Company. Mr. Henderson remains Chief Executive Officer and Chief Investment Officer of the Company.