Ocwen Appoints Alan J. Bowers to Board of Directors
May 12 2015 - 7:45AM
Ocwen Financial Corporation (NYSE:OCN), a leading
financial services holding company, announced today that it
appointed Alan J. Bowers as a new independent director to its Board
of Directors. Mr. Bowers' appointment expands the Board to eight
directors, seven of whom are independent directors. Mr. Bowers has
no prior affiliation with Ocwen, its Board members, management, or
employees.
"We are pleased to welcome Alan Bowers to our Board of
Directors," commented Ronald Faris, President and Chief Executive
Officer of Ocwen. "We look forward to leveraging Alan's background
and expertise, including his years of service on audit and
corporate governance committees, to further Ocwen's long-term
strategic goals."
"We are delighted that Alan is joining Ocwen's Board of
Directors. His accounting expertise and diverse corporate
management experience will prove invaluable assets to our Board and
the future success of Ocwen," said Barry Wish, Non-Executive
Chairman of Ocwen's Board of Directors.
Alan J. Bowers
Mr. Bowers brings over 30 years of experience in accounting and
executive management to Ocwen's Board, including experience on the
audit committees of private and public companies.
Since December 2010, Mr. Bowers has served as a director of
Walker & Dunlop, Inc., one of the largest commercial real
estate finance companies in the United States, as Lead Director and
on the Audit Committee and Nominating and Corporate Governance
Committee (Chairman). Mr. Bowers also serves on the Board and as
Audit Committee Chairman of La Quinta Inns & Suites, a publicly
traded hotel chain, and American Achievement Corp., a privately
held manufacturer and distributor of graduation products. Mr.
Bowers is also a board member of Quadel Consulting Corp., a
privately held government contract manager and consulting firm.
Prior to Mr. Bowers' retirement in 2005, he was the President
and Chief Executive Officer and a board member of Cape Success,
LLC, a private equity-backed staffing service and information
technology solutions business from 2001-2004. Previously, Mr.
Bowers was the President and Chief Executive Officer and a board
member of MarketSource Corporation, a marketing and sales support
service firm, and of MBL Life Assurance Corporation, a life
insurance company. Mr. Bowers also served on the boards and as
Audit Committee Chairman of Refrigerated Holdings, Inc., a
temperature controlled logistics firm, Roadlink Inc., a trucking
and logistics company, and Fastfrate Holdings, Inc., a Canadian
trucking and logistics company. Mr. Bowers has been a certified
public accountant since 1978 and served as Staff Auditor, Audit
Partner, and Managing Partner, serving a diverse client base,
during his tenure at Coopers & Lybrand, L.L.P., and as Staff
Accountant with Laventhol & Horwath, CPAs.
Mr. Bowers received his Bachelor of Science in Accounting from
Montclair State University and his Master's in Business
Administration from St. John's University.
About Ocwen Financial Corporation
Ocwen Financial Corporation is a financial services holding
company which, through its subsidiaries, is engaged in the
servicing and origination of mortgage loans. Ocwen is headquartered
in Atlanta, Georgia, with offices throughout the United States and
support operations in India and the Philippines. Utilizing
proprietary technology, global infrastructure and superior training
and processes, Ocwen provides solutions that help homeowners and
make our clients' loans worth more. Ocwen may post information that
is important to investors on its website (www.Ocwen.com).
CONTACT: Investors:
Stephen Swett
T: (203) 614-0141
E: shareholderrelations@ocwen.com
Media:
John Lovallo
T: (917) 612-8419
E: jlovallo@levick.com
Dan Rene
T: (202) 973 -1325
E: drene@levick.com
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