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Ocwen Names Britti Interim CEO

Ocwen has announced that its Board of Directors has appointed John V. Britti as interim Chief Executive Officer (CEO). Britti currently serves as Ocwen’s Executive Vice President and Chief Investment Officer, and will continue in these roles
during his tenure as interim CEO. As previously announced, Ronald Faris, the company’s current President and CEO, will be retiring.

Britti has been with Ocwen since January 2011. Since June 2014, he has served as Executive Vice President and Chief Investment Officer. From September 2016 to February 2017, he was Interim Head of Risk Management. Previously, he served as Chief Financial Officer from March 2012 to June 2014, and Executive Vice President responsible for Finance and Business Development from January 2011 to March 2012.
Britti will serve as interim CEO until Glen Messina assumes the President and CEO roles, effective concurrently with the closing of Ocwen’s acquisition of PHH Corporation. The PHH acquisition is targeted to close in the second half of 2018.
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