November 16, 2018
Draper and Kramer has named COO and general counsel Todd Bancroft (pictured) as its next president and CEO. He has served in these capacities on an interim basis since August, when longtime president and CEO Forrest D. Bailey stepped into a new role as vice chair and CEO emeritus.
As the real estate services firm’s board searched for “the right candidate to bridge the company’s 125-year history with its next chapter, we unanimously identified Todd as the right individual to guide the firm,” said board chairman Stephen P. Miller.
Bancroft joined Draper and Kramer in 2012 as chief administrative officer, SVP and general counsel responsible for mortgage and cash management operations.
In 2014, he was promoted to COO and general counsel, overseeing operations across all four of the company’s divisions, including acquisitions and development, commercial finance and residential management and the residential mortgage services group, Draper and Kramer Mortgage Corp.
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