FORT WASHINGTON,
Pa., Dec. 6, 2017
/PRNewswire/ -- Walter Investment Management Corp. ("Walter"
or the "Company") (NYSE: WAC.BC) today announced that Jerry Lombardo, a seasoned financial executive
with over 25 years of experience, has agreed to join the Company to
succeed Gary Tillett as Chief
Financial Officer. Mr. Tillett, Executive Vice President and
Chief Financial Officer, will retire in 2018.
In addition, the Company announced that Jeff Baker, President of Reverse Mortgage
Solutions, Inc. (RMS), has been named Walter's Chief Operations
Officer, effective immediately. In this role, Mr. Baker will expand
his duties beyond President of RMS and assume responsibility for
Ditech Financial LLC's performing and default servicing
operations.
Jerry Lombardo will be
based in Fort Washington, PA and
Jeff Baker will divide his time among Fort Washington and other Walter operating
centers across the country.
"With the addition of Jerry and the expansion of Jeff's
responsibilities, we continue our steady progress of assembling a
premier leadership team that will help us fully realize the
potential of our core business by facilitating the speed and
effectiveness of our transformation," said Anthony Renzi, Walter's President and Chief
Executive Officer. "Jerry brings over 25 years of financial
leadership experience ranging from involvement with challenging
turnaround situations during his tenure at FTI Consulting to
helping grow and optimize financial companies like Ally Financial
and the Consumer and Community Bank at JPMorgan Chase & Co.
Jeff is an outstanding business leader and operator who will
continue to help us improve our operations while maintaining a keen
focus on caring for our customers, our cost to service and our
overall operational efficiency."
Mr. Renzi concluded, "I want to thank Gary for his
leadership and contributions during the past four years here at
Walter. He has been an important part of our team and a colleague
who has worked relentlessly to help our Company through many
challenging situations, the most recent being our financial
restructuring efforts. On behalf of the entire Walter Management
team, we thank Gary for his service to our Company and wish him all
the best in the future."
About Jerry
Lombardo
Jerry Lombardo is a
seasoned financial executive with over 25 years of experience. He
most recently served as a Managing Director & Treasurer of the
Consumer and Community Bank at JP Morgan Chase & Co. Before
joining JP Morgan Chase & Co. in 2013, he held a number of
senior finance roles including the Global Head of Funding &
Liquidity for Ally, Finance Executive at Cerberus Capital
Management, Senior Managing Director at FTI Consulting and Chief
Financial Officer of Refco. Mr. Lombardo is also a Certified Public
Accountant.
About Jeffrey P.
Baker
Jeffrey P. Baker has served
as President of RMS since October 2016. He served in various
other capacities for the Company from July
2015 to October 2016. Mr.
Baker came to the Company with more than 18 years of experience as
a senior executive and board member of both public and private
companies. Mr. Baker spent the majority of his career as a Partner
with PricewaterhouseCoopers ("PwC") in a variety of client facing
roles with some of the Firm's key clients as well as serving as a
Partner in the Chairman's office and member of the Executive
Leadership Team for PwC Consulting. Prior to joining the Company,
Mr. Baker was the co-founder and Chief Executive Officer of Mayday
Capital Advisors, LLC, a turnaround and restructuring firm. Mr.
Baker received his Bachelors of Business Administration from
Texas A&M University and completed
the Executive Program, M&A at Kellogg Graduate School of
Management.
About Walter Investment Management
Corp.
Walter Investment Management Corp. is an independent
servicer and originator of mortgage loans and servicer of reverse
mortgage loans. Based in Fort Washington, Pennsylvania, the Company has approximately
4,100 employees and services a diverse loan portfolio. For more
information about Walter Investment Management Corp., please
visit the Company's website
at www.walterinvestment.com. The
information on the Company's website is not a part of this
release.
Cautionary Statements Regarding Forward-Looking
Information
Certain statements in this press release constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act, as amended. Statements that are not
historical fact are forward-looking statements. Certain of these
forward-looking statements can be identified by the use of words
such as "believes," "anticipates," "expects,"
"intends," "plans," "projects," "estimates," "assumes," "may,"
"should," "could," "would," "shall," "will," "seeks," "targets,"
"future," or other similar expressions. Such forward-looking
statements involve known and unknown risks, uncertainties and other
important factors, and our actual results, performance or
achievements could differ materially from results, performance or
achievements expressed in these forward-looking statements. Such
statements include, but are not limited to, statements relating to
the prepackaged plan and court-supervised
restructuring process, descriptions of management's strategy,
plans, objectives, expectations, or intentions and descriptions of
assumptions underlying any of the above matters and other
statements that are not historical fact.
These forward-looking statements are based on the
Company's current beliefs, intentions and expectations and are not
guarantees or indicative of future performance, nor should any
conclusions be drawn or assumptions be made as to any potential
outcome of any proposed transactions or senior executive changes
the Company announces, considers or seeks to implement. Important
assumptions and other important factors that could cause actual
results to differ materially from those forward-looking statements
include, but are not limited to, those factors, risks and
uncertainties described in more detail under the heading "Risk
Factors" and elsewhere in the Company's annual and quarterly
reports, including amendments thereto, and other filings with the
Securities and Exchange Commission.
Contact
Kimberly Perez
SVP & Chief
Accounting Officer
813.421.7694
investorrelations@walterinvestment.com
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SOURCE Walter Investment Management Corp.
