GWG Holdings Adds Three New Directors to its Deeply Experienced Board
June 12 2019 - 4:30PM
GWG Holdings, Inc. (Nasdaq: GWGH) announced that it has expanded
its Board of Directors to 14 members, with the addition of three
new members. The new members join an existing board whose
directors’ backgrounds range from the highest executive levels of
financial services, energy and real estate to national business
media, big four accounting and the Federal Reserve.
The three new board members are:
- Kathleen J. Mason, a consultant
with the international advisory firm Third Bridge and former
President and Chief Executive Officer of Tuesday Morning
Corporation
- Dennis P. Lockhart, a professor in
the Nunn School of International Affairs at Georgia Tech
University, who served as President and Chief Executive Officer of
the Federal Reserve Bank of Atlanta from 2007 to 2017
- David F. Chavenson, the former
Treasurer of Alon USA Energy Company who has worked as a financial
executive for firms across the energy and transportation
industries
The number of directors on the GWGH Board was
recently increased in conjunction with the expansion of the
company’s strategic transaction with The Beneficient Company Group,
L.P. (BEN) that was completed in late April 2019. The Board is led
by Chairman Brad K. Heppner, who also serves as Chairman and Chief
Executive Officer of BEN.
“We are pleased to have a Board of Directors
comprised of professionals who bring deep and varied experience to
bear,” said GWGH Chief Executive Officer Murray Holland. “Our
directors’ vast expertise significantly furthers the company’s
objective of providing value to all our constituents, from
financial advisors and the clients they serve to GWGH employees and
shareholders.”
The other directors of the GWGH Board are:
- Chairman of the Board Brad K.
Heppner, the Chairman and CEO of BEN and Heritage Highland
Companies, and founder and CEO of The Crossroads Group, a
fund-of-funds that was sold to Lehman Brothers in 2012 and is now
held by Neuberger Berman
- Lead independent director David H.
Glaser, the former Chief Operating Officer of Bank of America
Merrill Lynch’s Global Corporate and Investment Bank
- Peter T. Cangany, Jr., Partner of
Ernst & Young, LLP from 1993-2017
- Michelle Caruso-Cabrera, CEO of MCC
Productions and former chief international correspondent for CNBC
and co-anchor of the business network’s popular program “Power
Lunch”
- David H. De Weese, Partner of Paul
Capital Advisors and Chairman of the Board of Capacitor Sciences,
Inc.
- Richard W. Fisher, former President
of the Federal Reserve Bank of Dallas and member of the Federal
Open Marketing Committee
- Thomas O. Hicks, founder and
Chairman of Hicks Holdings, LLC
- Bruce W. Schnitzer, Chairman of
Wand Partners and The Institute of Human Origins; former President
and CEO of insurance brokerage and risk management firm Marsh,
Inc.
- Roger T. Staubach, founder of the
Staubach Company, a real estate firm that grew to 68 offices and
1,800 employees before it was sold to Jones Lang LaSalle in 2008
for $613 million
- Sheldon I. Stein, President of
Southern Glazer’s Wine and Spirits and former Vice Chairman and
Head of Southwest Investment Banking for Bank of America Merrill
Lynch
- Bruce E. Zimmerman, former CEO and
Chief Investment Officer of UTIMCO, the investment corporation
overseeing investments for the University of Texas and Texas
A&M Systems
Biographies of the current members of the GWGH
Board can be found at
https://investors.gwgh.com/corporate-governance/highlights.
About GWG Holdings, Inc. (GWGH) GWG Holdings,
Inc. (Nasdaq: GWGH), is the parent company of GWG Life, Life
Epigenetics and YouSurance. GWG Life is a leading provider of
liquidity to owners of life insurance policies and owns a portfolio
of life insurance assets with a face value of $1.96 billion as of
September 30, 2018. Life Epigenetics is commercializing
epigenetic technology for the longevity life insurance industry and
other industries. YouSurance is a digital life insurance
agency working to embed epigenetic testing into life insurance
products to provide consumers a value-added ecosystem that supports
their health and wellness. For more information about GWGH,
visit www.gwgh.com.
Contact:
For GWG Holdings Dan Callahan (612)
746-1935dcallahan@gwgh.com
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