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Walter Investment Management Corp (WAC)

WAC on New York Consolidated

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5 Dec 2016
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Summary

Name Age Since Current Position

George Awad

56 2016 Executive Chairman of the Board

Anthony Renzi

53 2016 President, Chief Executive Officer

Gary Tillett

56 2014 Chief Financial Officer, Executive Vice President

Jonathan Pedersen

58 2013 Chief Legal Officer, General Counsel, Secretary

Michael Tokarz

66 2012 Lead Independent Director

Daniel Beltzman

40 2016 Director

Mark O'Brien

73 2016 Director

Steven Berrard

61 2010 Independent Director

Ellyn Brown

65 2009 Independent Director

Alvaro de Molina

58 2012 Independent Director

William Meurer

72 2009 Independent Director

James Pappas

72 2012 Independent Director

Vadim Perelman

33 2015 Independent Director

Shannon Smith

50 2009 Independent Director

Whitney Finch

2012 IR Contact Officer

Biographies

Name Description

George Awad

Mr. George M. Awad serves as Executive Chairman of the Board of the Company. He is no longer Interim President and Chief Executive Officer of the Company, effective June 30, 2016. Mr. Awad created and is the principal of Gibraltar Capital Corporation, a wealth management and advisory firm providing investment and business advice to wealthy, internationally-based families. He is a highly accomplished executive with exceptional operating experience in running large, global businesses across the full suite of consumer financial services products, including senior leadership roles with GE Capital (1988-2006) and Citigroup, Inc. (2006-2011), with focus on domestic and global markets. Most recently, Mr. Awad served as CEO, Consumer Finance for Citigroup, with prior positions as CEO, North America Cards and CEO, Global Consumer Group EMEA. Mr. Awad has served as a director of TransUnion Corporation since 2013 and is a member of its Audit and Compliance Committees. Mr. Awad received his MBA in Finance from the University of Pittsburgh in Pennsylvania and holds a B.S. in Civil Engineering from the American University of Beirut.

Anthony Renzi

Mr. Anthony N. Renzi has been appointed as President, Chief Executive Officer of the Company, effective September 12, 2016. Mr. Renzi has over 30 years of experience in mortgage banking. Since May 2012, he has served as the Chief Operating Officer for Citigroup Inc.’s North America retail bank, commercial bank and mortgage operations. In that capacity he has provided executive operations leadership for core banking and mortgage operations, customer contact centers, branch operations support, investor reporting / servicing accounting, default operations and servicing technology. Prior to working at Citibank, Mr. Renzi was the Executive Vice President — Single Family Business, Operations and Technology at the Federal Home Loan Mortgage Corporation (April 2010—May 2012). Prior to that, Mr. Renzi served in various capacities at GMAC for more than 15 years, including as the Chief Operating Officer of GMAC Residential Capital and the President of GMAC Mortgage (2008—2010) and as Chief Operating Officer of GMAC Mortgage, Residential Finance Group (2006 to 2008). Mr. Renzi earned a Bachelor’s Degree in Business Administration from Holy Family University in Philadelphia and an MBA from Philadelphia University

Gary Tillett

Mr. Gary L. Tillett is Chief Financial Officer, Executive Vice President of Walter Investment Management Corp, He joined the Company and began serving as Executive Vice President and Chief Financial Officer on March 1, 2014. Prior to joining the Company, Mr. Tillett was employed by PwC for over 31 years. He most recently served as PwC’s partner responsible for the firm’s New York Metro Transaction Services practice. Prior to serving in the New York Metro Transaction Services leadership role, Mr. Tillett had responsibility for the firm’s Transaction Service practice in the Financial Services sector. Mr. Tillett advised clients on transactions involving companies in the Financial Services space, with significant recent experience in the mortgage, banking and consumer lending areas, including leading the PwC Advisory team in assisting the Company with the acquisition of GTCS Holdings LLC (“Green Tree Holdings”) in 2011. Prior to joining Transaction Services in 1998, Mr. Tillett worked in the audit practice primarily focused on public companies in the financial services industry. Mr. Tillett holds a Bachelor of Science degree in accounting from the University of Texas at Dallas, a Masters of Business Administration from the University of Manchester, and is a Certified Public Accountant.

Jonathan Pedersen

Mr. Jonathan F. Pedersen is Chief Legal Officer, General Counsel, Secretary of Walter Investment Management Corp., since November 2013. Mr. Pedersen came to the Company with over 28 years of legal experience. Before joining the Company, Mr. Pedersen was General Counsel—Asia Pacific and Co-General Counsel for the Investment Banking Division with Credit Suisse Group AG, where he worked from 2006 to 2013. Prior to joining Credit Suisse Group AG, Mr. Pedersen was a partner at the law firms of Kirkland & Ellis LLP and Skadden, Arps, Slate, Meagher & Flom LLP. Mr. Pedersen holds a Bachelor’s degree from Princeton University and a Juris Doctorate from Yale Law School.

Michael Tokarz

Mr. Michael T. Tokarz is Lead Independent Director of Walter Investment Management Corp. He has served as a director since April 2009 and as lead independent director of the Board of Directors from August 2012 to February 2016. Since February 1, 2002, Mr. Tokarz has been a member of the Tokarz Group, LLC, a provider of investment banking services. From January 1996 until February 1, 2002, Mr. Tokarz was a member of the limited liability company which serves as the general partner of Kohlberg Kravis Roberts & Co. L.P. Mr. Tokarz also is a director of CNO Financial Group, Inc., an insurance company (formerly known as Conseco, Inc.) since 2003, Mueller Water Products, Inc., a manufacturer of water distribution products, since 2006 and MVC Capital, Inc., a business development company since 2004. Mr. Tokarz also served on the boards of directors of IDEX Corporation, a technology company specializing in fluid and metering, health and science, and fire and safety products, from 1987 to 2015, and Walter Energy, Inc., a producer of coal, coke and natural gas, from 1987 to March 2016, including the Chairman of its Board of Directors from 2006 to March 2016.

Daniel Beltzman

Mr. Daniel G. Beltzman is Director of Walter Investment Management Corp. He is no longer Chairman of the Board effective June 30, 2016. He is co-founded Birch Run Capital Advisors, an investment advisor headquartered inNew York City, in 2006. Birch Run focuses on value-based opportunities in public or private equity or debt securities and looks to stand behind management teams and boards in their efforts to build great businesses and drive long-term shareholder value. In his current role, Mr. Beltzman oversees the investment portfolio, including formulating investment strategy and generating new investment ideas. Mr. Beltzman currently serves on the board of Directors of Regis Corporation. Mr. Beltzman holds a B.B.A and M.Acc. from theUniversity of Michigan.

Mark O'Brien

Mr. Mark J. O'Brien is Director of the company. He served as the Chief Executive Officer of the Company from April 2009 until his retirement in October 2015. In addition, Mr. O’Brien previously served as Chairman of the Board of Directors. In March 2006, Mr. O’Brien became Chairman and Chief Executive Officer of certain of the Company’s predecessor entities, which were subsidiaries of Walter Industries Inc. In February 2009, Mr. O’Brien was named Chairman and Chief Executive Officer of WIM, which was spun off from Walter Energy, Inc. in April 2009 and, in connection with a reverse merger with a pre-existing publicly traded REIT, became known as Walter Investment Management Corp. Mr. O’Brien also served as a director of Walter Energy, Inc. from 2005 until 2009. Mr. O’Brien has served as President and Chief Executive Officer of Brier Patch Capital and Management, Inc., a family real estate investment and management firm, since September 2004. Prior to September 2004, Mr. O’Brien served in various capacities at Pulte Homes, Inc., a housing company, for 21 years, culminating in his appointment as President and Chief Executive Officer. He retired from that position in 2003. Mr. O’Brien is a director of Mueller Water Products, Inc., a publicly traded company that was spun off from Walter Energy, and A. Duda & Sons, Inc., a privately held family agriculture and real estate firm. Mr. O’Brien earned a Bachelor of Arts degree in history from the University of Miami.

Steven Berrard

Mr. Steven R. Berrard is Independent Director of Walter Investment Management Corp. He has served as a director of the Company since March 2010. He has served, and continues to serve, on the Board of Directors’ Compensation and Human Resources Committee from the time of his appointment to the Board of Directors, and he served on the Audit Committee from May 2010 until February 2013. He currently also serves on the Board of Directors’ Nominating and Corporate Governance Committee and the Finance Committee. Mr. Berrard served on the Board of Directors of Swisher Hygiene Inc., a publicly traded industry leader in hygiene solutions and products, from 2004 until May 2014. Mr. Berrard is the Managing Partner of New River Capital Partners, a private equity fund he co-founded in 1997. Mr. Berrard was the co-founder and Co-Chief Executive Officer of AutoNation, Inc. (“AutoNation”), a leading automotive retail company, from 1996 to 1999. Prior to joining AutoNation, Mr. Berrard served as President and Chief Executive Officer of the Blockbuster Entertainment Group, at the time the world’s largest video store operator. Mr. Berrard served as President of Huizenga Holdings, Inc., a real estate management and development company, and served in various positions with subsidiaries of Huizenga Holdings, Inc. from 1981 to 1987. Mr. Berrard was employed by Coopers & Lybrand (now PricewaterhouseCoopers LLP (“PwC”)) from 1976 to 1981. Mr. Berrard currently serves on the Board of Directors of Pivotal Fitness, Inc., a chain of fitness centers operating across the United States. Mr. Berrard earned his B.S. in Accounting from Florida Atlantic University.

Ellyn Brown

Ms. Ellyn L. Brown is Independent Director of Walter Investment Management Corp. She has served as a director of the Company since April 2009. Ms. Brown practiced corporate and securities law until her retirement in 2010, most recently as the president of Brown and Associates, a corporate law and consulting firm that provided operational, regulatory and governance guidance to financial services clients and other entities that operate in highly regulated environments. She has taught corporate and securities law at Villanova University School of Law and the University of Maryland School of Law. Ms. Brown served as a director of NYSE Euronext, Inc. and its predecessors from 2005 through 2013, when NYX was acquired by the Intercontinental Exchange, and chaired the Board of Directors of NYSE Regulation, Inc., the independent entity that oversees the regulation of the NYSE markets, through 2014. In 2012, she joined the board of CNO Financial Group, Inc., a publicly-traded insurance holding company. Ms. Brown served on the Board of Governors of the Financial Industry Regulatory Authority from 2007 to 2012, and was a trustee of the Financial Accounting Foundation (parent of the Financial Accounting Standards Board and the Government Accounting Standards Board) from 2007-2011. She served as Maryland’s Securities Commissioner from 1987-1992, and later was a member of the boards of the National Association of Securities Dealers Regulation and the Certified Financial Planner Board of Standards.

Alvaro de Molina

Mr. Alvaro G. de Molina is Independent Director of Walter Investment Management Corp. He has served as a director since September 2012. Prior to serving on the Board of Directors, Mr. de Molina served as the Chief Executive Officer of Ally Financial Inc., previously known as GMAC Inc. (“GMAC”), an automotive financing, corporate and home loan company, beginning in April 2008, and on the Board of Directors of GMAC beginning in March 2009, until resigning from both positions in November 2009. Prior to joining GMAC, Mr. de Molina was with Cerberus Capital Management, L.P., a private investment firm, and prior thereto Mr. de Molina had a 17-year career at Bank of America Corporation (“Bank of America”) where he held a number of positions in senior management, including Chief Financial Officer, Chief Executive Officer of Banc of America, President of Global Corporate and Investment Banking and Corporate Treasurer. Before joining Bank of America, Mr. de Molina served in the lead financial role for emerging markets at J.P. Morgan Chase & Co. Mr. de Molina began his career at PwC. Mr. de Molina serves on the boards of Regional Management Corp., a consumer finance company (where he is Chairman of the Board of Directors and a member of the Compensation and Human Resources Committee, Corporate Governance and Nominating and Corporate Governance Committee and Audit Committee) and previously Duke University’s Fuqua School of Business. Mr. de Molina holds a bachelor’s degree in accounting from Fairleigh Dickinson University and a master’s degree in business administration from Rutgers Business School.

William Meurer

Mr. William J. Meurer is Independent Director of Walter Investment Management Corp. He has served as a director of the Company since April 2009. Prior to serving on the Board of Directors, Mr. Meurer was elected to the Board of Managers of JWHHC, in anticipation of the spin-off of WIM from Walter Energy, Inc. Previously, Mr. Meurer was employed for 35 years with Arthur Andersen LLP where he served most recently as the Managing Partner for Arthur Andersen’s Central Florida operations. Since retiring from Arthur Andersen in 2000, Mr. Meurer has been a private investor and consultant. Mr. Meurer also serves on the Board of Trustees for LifeLink Foundation, Inc., as a member of the board of directors of Sykes Enterprises, Incorporated, a business process outsourcing company, and as a member of the board of directors of the Eagle Family of Mutual Funds.

James Pappas

Dr. James L. Pappas, Ph.D., is Independent Director of Walter Investment Management Corp. He has served as a director since September 2012. Prior to serving on the Board of Directors, Dr. Pappas served as the Lykes Professor of Banking and Finance at the University of South Florida’s College of Business Administration from 1986 to 2006. During his tenure at USF, Dr. Pappas also served as the Dean of the College of Business from 1987 to 1995. From 1995 to 2005, Dr. Pappas served as President and Chief Executive Officer of The Graduate School of Banking at the University of Wisconsin. Dr. Pappas currently serves as the Chairman of the Board of Trustees for the Eagle Family of Mutual Funds and is a member of its Audit and Qualified Legal Compliance committees.

Vadim Perelman

Mr. Vadim Perelman is Independent Director of Walter Investment Management Corp. He has served as a director since December 2015. Mr. Perelman is the founder and has served as the Managing Member and Chief Investment Officer of Baker Street Capital Management, LLC, the investment manager of Baker Street Capital L.P. (“BSC LP”), a private investment partnership, since its inception in 2009. Mr. Perelman also serves as the Managing Member of Baker Street Capital GP, LLC, which serves as the general partner of BSC LP. From August 2007 to September 2009, Mr. Perelman worked as a senior analyst at Force Capital Management, a fundamental value-focused investment fund. Mr. Perelman previously served on the boards of directors of USA Truck, Inc., Xyratex Ltd., Tix Corporation and Unilens Vision Inc. He holds a B.A. in Economics and Computer Science from the University of California, Berkeley.

Shannon Smith

Mr. Shannon E. Smith is Independent Director of Walter Investment Management Corp. He has served as a director since April 2009. In 2015, Mr. Smith joined Considine Companies, a private concern involved in real estate and venture capital, as an advisor. From October 2000 until June 2011, he served in various senior capacities at American Land Lease, Inc., a real estate investment trust, first as Chief Accounting Officer from October 2000 until February 2001, then as Chief Financial Officer from February 2001 through June 2011, and most recently as Chief Operating Officer from July 2009 through June 2011. Until the completion of its merger with GCP Sunshine Acquisition, Inc. on March 16, 2009, American Land Lease was listed on the NYSE. Mr. Smith has also served as a Managing Director of Green Courte Partners, LLC, a Chicago-based private equity real estate investment firm, from 2009 to June 2011. Mr. Smith began his career with Ernst & Whinney (now Ernst & Young Global Limited) as a certified public accountant.

Whitney Finch