Ocwen Adds Two to Its Board
February 26, 2019
Ocwen Financial Corporation has appointed Dr. Jenne K. Britell and Kevin Stein to its Board of Directors.
“We are very pleased to welcome Jenne and Kevin to the Ocwen Board,” said Phyllis Caldwell, Chair of Ocwen’s Board. “Jenne and Kevin bring extensive executive and advisory experience, including in the mortgage and financial services industries, and their collective expertise will be invaluable as we execute our strategic priorities and remain committed to our goal of maximizing value for our shareholders. The addition of these directors complements our Board’s skills and experiences, and we are confident they will provide valuable perspectives and look forward to their contributions.”
In addition, Carol J. Galante has notified the Board that she has decided not to stand for re-election at Ocwen’s 2019 Annual Meeting of Shareholders, scheduled for May 30, 2019.
“We are grateful for Carol’s years of outstanding service to the Board and wish her well in the future,” said Caldwell. “We look forward to a smooth transition and to maintaining a balanced mix of qualified, diverse directors with the requisite skills and experience to understand the business, risks and opportunities ahead for Ocwen.”
Dr. Britell has significant experience with public company directorships, and was named the 2011 Director of the Year by the National Association of Corporate Directors. She was also named one of six outstanding directors for 2011 by the Outstanding Directors Exchange, a division of the Financial Times. Dr. Britell is the Chairman of the Board of United Rentals Inc., and Director of Quest Diagnostics Inc. and the U.S. Russia Foundation for Economic Advancement and the Rule of Law. She has also served as a member of the board of directors of Crown Holdings Inc., West Pharmaceutical Services, Aames Investment Corporation and Lincoln National Corporation, among other public companies.
Stein is CEO and Co-Founder of Resolution Analytica Corporation, a buyer of commercial judgments. Prior to co-founding Resolution Analytica in 2017, Stein was Senior Managing Director of KCK-US Inc., a private equity firm. Stein was previously a Managing Director in the Financial Institutions Group of Barclays advising banks, specialty finance companies and financial sponsors until 2016. Prior to joining Barclays in 2011, he was a Partner at FBR Capital Markets and group head of the Depository Investment Banking practice. Prior to joining FBR in 2004, Stein was an executive of GreenPoint Financial Corporation where he held a number of roles including Director of Strategy and Corporate Development, EVP of Mortgage Banking and Chief Information Officer. Prior to joining GreenPoint in 1994, he was an Associate Director of the Federal Deposit Insurance Corporation. Stein is currently on the Board of Dime Community Bancshares and served on the Board of PHH Corporation from June 2017 until its acquisition by the company in October 2018.
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