KANSAS CITY, Mo., March 9, 2012 /PRNewswire/ -- NovaStar Financial,
Inc. (Pink Sheets: NOVS) is pleased to announce the following
promotions:
Steve Haslam to Chief Operating
Officer of NovaStar: Steve is Chief Executive Officer of
StreetLinks LLC, a subsidiary of NovaStar, and will continue to
hold this title in addition to his new role as COO of
NovaStar. "Steve has done a great job growing StreetLinks
from an early stage investment into one of the leading appraisal
management companies in the industry. During this time he has
developed a strong leadership team within the StreetLinks
organization that is now ready for additional responsibility in
running the business, allowing Steve to expand his role. As
COO of NovaStar, Steve will continue to guide StreetLinks growth,
help build our other businesses, and give us the ability to expand
the portfolio of businesses we own and operate," said Lance Anderson, Chief Executive Officer of
NovaStar.
Matt Lautz to Vice President and
Chief Information Officer of NovaStar: Prior to this
promotion, Matt was President of Corvisa, LLC, a subsidiary of
StreetLinks. "The merger of Corvisa into StreetLinks gave us
the flexibility to expand Matt's role to be focused more broadly on
all of the NovaStar companies. Matt is an incredible
technology leader for our organization and has done a great job
building a world-class technology platform that can be used to
support the growth of all the businesses we operate today and in
the future," said Mr. Anderson.
Brett Monger to Vice President,
Controller and Chief Accounting Officer of NovaStar:
Prior to this promotion, Brett was a manager in
NovaStar's accounting department. "The demands on the
Company's accounting function are growing with our portfolio of
businesses. Brett's experience at NovaStar and his public
accounting background suit him well to meet these demands," said
Rodney Schwatken, Chief Financial
Officer of NovaStar.
"I would like to congratulate Steve, Matt and Brett on their
promotions and thank them for all their hard work to date," said
Mr. Anderson. "These promotions represent continued progress
in the rebuilding efforts of NovaStar."
About NovaStar
NovaStar Financial, Inc. acquires and operates early stage
businesses that we consider to be in the technology-enabled
services industry. We currently own majority interests in
StreetLinks LLC, Advent Financial Services, Inc. and Mango Moving,
LLC.
For more information, please reference our website at
www.novastarfinancial.com or contact Matt
Kaltenrieder, Investor Relations, (816.237.7508 or
IR@novastarfinancial.com.)
SOURCE NovaStar Financial, Inc.