Altisource Announces Appointment to Its Board of Directors
March 07 2022 - 9:28AM
Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”)
(NASDAQ: ASPS) today announced that Scott Burg resigned as a member
of the Board of Directors (the “Board”) effective March 1,
2022 for personal reasons. On the same date, the Board appointed
Mary Hickok effective immediately to the open position created by
Mr. Burg’s resignation.
William B. Shepro, Chairman of the Board and
Chief Executive Officer, thanked Mr. Burg for his service on the
Board of Directors. Mr. Shepro stated “I want to thank Mr. Burg on
behalf of Altisource and the Board of Directors for his invaluable
service since joining the Board in 2018. Mr. Burg was and continues
to be a strong supporter of Altisource, its businesses and its
values. Mr. Burg’s firm, Deer Park Road Management Company (“Deer
Park”), an alternative investment management firm, continues to
maintain its approximately 3,7 million shares in Altisource.”
Ms. Hickok serves as a Managing Director at Deer
Park, where she is responsible for leading the Flywheel SFR Fund, a
newly launched single-family rental strategy. Prior to joining Deer
Park, Ms. Hickok worked at Morgan Stanley as an Associate in Fixed
Income Sales and Trading. Ms. Hickok holds a Bachelor of Arts in
Economics and Foreign Affairs from the University of Virginia.
Mr. Shepro said “We are excited to welcome Ms.
Hickok to the Altisource Board of Directors. Ms. Hickok’s
experience in mortgage trading and launching a single family rental
fund should help Altisource as we focus on growing and diversifying
our revenue base.”
“Altisource has a leading platform supporting
loan servicers and a tremendous opportunity to further develop its
origination and real estate investor offerings, and I am looking
forward to contributing to the growth and success of these
initiatives.” said Ms. Hickok.
About Altisource
Altisource Portfolio Solutions S.A. is an
integrated service provider and marketplace for the real estate and
mortgage industries. Combining operational excellence with a suite
of innovative services and technologies, Altisource helps solve the
demands of the ever-changing markets we serve. Additional
information is available at www.Altisource.com.
FOR FURTHER INFORMATION
CONTACT:
Michelle D. EstermanChief Financial OfficerT:
(770) 612-7007E: Michelle.Esterman@altisource.com
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