Ocwen Financial Appoints Sean O'Neil Executive Vice President and Chief Financial Officer
18 Mai 2022 - 10:15PM
Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”),
a leading non-bank mortgage servicer and originator, today
announced the appointment of Sean O’Neil as Executive Vice
President and Chief Financial Officer, effective June 13, 2022.
Mr. O’Neil brings to Ocwen significant financial leadership
experience in the mortgage sector, and he will be responsible for
leading the Company’s global finance organization. He joins Ocwen
from Bayview Asset Management, LLC, where he served as the
company’s Chief Financial Officer since 2015. Prior to this role,
he held a number of senior positions at financial institutions,
including serving as Group Financial Officer for Wells Fargo,
Eastern Community Bank and as Chief Financial Officer for
Wachovia’s Wealth Management Group.
Glen A. Messina, President and CEO of Ocwen, said, “Sean is a
proven CFO with extensive experience in providing financial,
operational and strategic leadership to large financial services
companies. He has an impressive track record of driving cost
leadership and profitable growth, optimizing liquidity, and
strategic planning that will be instrumental as we continue to
navigate a challenging mortgage originations market. We believe
Sean’s background in both the private and public sectors is a
strong fit for us as we execute on our priorities to deliver
results, create value and position Ocwen for long-term
success.”
Mr. O’Neil will succeed June C. Campbell, who will be leaving
the Company after a transition period to pursue opportunities
outside of Ocwen.
“On behalf of our Board of Directors, I want to sincerely thank
June for her contributions to Ocwen over the past three years,”
said Messina. “June came to Ocwen during a pivotal time when we
were in the early stages of the Ocwen-PHH merger and integration.
She was a key leader who helped us successfully transform the
Company, build a balanced business model, enhance our relationships
with the investment community and strengthen our finance function,
leaving a solid foundation for Sean to build upon. I wish June all
the best in her future endeavors.”
Sean O’Neil
Mr. O’Neil most recently served as Chief Financial Officer for
Bayview Asset Management, LLC, which he joined in 2015. At Bayview,
he was responsible for finance and accounting, treasury and
financing structures, liquidity, loan accounting, funding and
collateral activities. Prior to joining Bayview, he was the Group
Financial Officer for Wells Fargo, Eastern Community Bank. Prior to
this role, Mr. O’Neil was the Chief Financial Officer for
Wachovia’s Wealth Management Group. Before joining Wachovia, he was
a senior manager at Boston Consulting Group, where he worked with
financial services companies in Europe and North America. Mr.
O’Neil began his career as a nuclear submarine officer in the U.S.
Navy, and he earned a Master of Business Administration degree from
Harvard Business School and a Bachelor of Science degree in
Mechanical Engineering from Pennsylvania State University.
About Ocwen Financial Corporation
Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank
mortgage servicer and originator providing solutions through its
primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH
Mortgage is one of the largest servicers in the country, focused on
delivering a variety of servicing and lending programs. Liberty is
one of the nation’s largest reverse mortgage lenders dedicated to
education and providing loans that help customers meet their
personal and financial needs. We are headquartered in West Palm
Beach, Florida, with offices in the United States and the U.S.
Virgin Islands and operations in India and the Philippines, and
have been serving our customers since 1988. For additional
information, please visit our website (www.ocwen.com).
Forward Looking Statements
This press release contains 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 of 1934, as
amended. These forward-looking statements may be identified by a
reference to a future period or by the use of forward-looking
terminology. Forward-looking statements are typically identified by
words such as “expect”, “believe”, “foresee”, “anticipate”,
“intend”, “estimate”, “goal”, “strategy”, “plan” “target” and
“project” or conditional verbs such as “will”, “may”, “should”,
“could” or “would” or the negative of these terms, although not all
forward-looking statements contain these words, and includes
statements in this press release regarding the potential
contributions of our incoming Chief Financial Officer to our
organization and our ability to execute on business priorities,
deliver financial outcomes, and create shareholder value.
Forward-looking statements involve a number of assumptions,
risks and uncertainties that could cause actual results to differ
materially. In the past, actual results have differed from those
suggested by forward looking statements and this may happen again.
Important factors that could cause actual results to differ
materially from those suggested by the forward-looking statements
include, but are not limited to, changes in market conditions, the
industry in which we operate, and our business, the actions of
governmental entities and regulators, developments in our
litigation matters, and other risks and uncertainties detailed in
our reports and filings with the SEC, including our annual report
on Form 10-K for the year ended December 31, 2021 and any current
report or quarterly report filed with the SEC since such date.
Anyone wishing to understand Ocwen’s business should review our SEC
filings. Our forward-looking statements speak only as of the date
they are made and, we disclaim any obligation to update or revise
forward-looking statements whether as a result of new information,
future events or otherwise.
FOR FURTHER INFORMATION CONTACT:
Dico AkseraylianT: (856) 917-0066E: mediarelations@ocwen.com
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