Paramount Group, Inc. announced that it has appointed Paula Sutter to its Board of Directors as an independent director, effective immediately. With the addition of Ms. Sutter, Paramount's Board now comprises ten members, nine of whom are independent. Since 2014, Ms. Sutter, age 55, has been the Chief Executive Officer of Paula Sutter LLC, a consumer brand consultancy, which she founded in October 2014.

From October 2014 to December 2017, Ms. Sutter served as the Chief Executive Officer of TSG Fashion Group at TSG Consumer Partners, LLC, a private equity firm. From 1999 to October 2013, Ms. Sutter served as the President of Diane von Furstenberg Studio, L.P., a fashion company. From January 1993 to December 1998, Ms. Sutter served as a Vice President of The Donna Karan Company, LLC, a fashion company.

Ms. Sutter also serves as a member of the board of directors of ThredUp Inc. since 2014, and Inflection Point Acquisition Corp. (NASDAQ: IPAX), where she has been Executive Chairwoman since 2021, as well as a number of privately held companies. Ms. Sutter holds a Liberal Arts degree in Literature from Villanova University.