Ocwen Financial Corporation Announces Resignation of Michael Bourque as Chief Financial Officer
May 29 2018 - 4:20PM
Ocwen Financial Corporation (NYSE:OCN) (“Ocwen” or the “Company”),
a leading financial services holding company, today announced that
Executive Vice President and Chief Financial Officer (“CFO”)
Michael Bourque has made the decision to resign to accept a
position with another financial services company. Mr. Bourque’s
resignation is not due to any disagreement with Ocwen relating to
the Company’s operations, policies, or practices. Mr. Bourque’s
resignation is effective June 22, 2018. He will remain active and
engaged in his role with Ocwen through June 22.
“We would like to thank Michael for his financial leadership and
his many contributions over the last four years,” said Ron Faris,
President and CEO of Ocwen. “While at Ocwen, Michael has focused
his efforts on ensuring the Company is in solid financial standing
and is well positioned for future success. We respect Michael’s
personal decision, and we wish him the best in his new
position.”
Ocwen has begun a search to identify qualified internal and
external candidates to fill the CFO position. Ocwen has a strong
and talented financial team in place that will continue to support
the Company’s strategy during the search process.
About Ocwen Financial CorporationOcwen
Financial Corporation is a financial services holding company
which, through its subsidiaries, services and originates loans. We
are headquartered in West Palm Beach, Florida, with offices
throughout the United States and in the U.S. Virgin Islands as well
as operations in India and the Philippines. We have been serving
our customers since 1988. We may post information that is important
to investors on our website (www.Ocwen.com).
Forward-Looking StatementsThis 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 “believe”, “expect”, “foresee”, “forecast”, “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. Forward-looking
statements by their nature address matters that are, to different
degrees, uncertain. Our business has been undergoing substantial
change which has magnified such uncertainties. Readers should bear
these factors in mind when considering such statements and should
not place undue reliance on such statements. 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 those described
in Ocwen’s reports and filings with the Securities and Exchange
Commission (“SEC”), including its annual report on Form 10-K for
the year ended December 31, 2017 and its current and quarterly
reports since such date. Anyone wishing to understand Ocwen’s
business should review its SEC filings. Ocwen’s 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:
Investors: |
Media: |
|
Stephen Swett |
John Lovallo |
Dan Rene |
T: (203) 614-0141 |
T: (917) 612-8419 |
T: (202) 973-1325 |
E:
shareholderrelations@ocwen.com |
E:
jlovallo@levick.com |
E:
drene@levick.com |
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