WEST PALM BEACH, Fla., Feb. 25, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN), a leading financial services holding company, today announced the appointment of Jenne K. Britell and Kevin Stein to its Board of Directors, effective as of the day following the Company’s filing of its Annual Report on Form 10-K for the year ended December 31, 2018, which is anticipated to occur within the next two weeks.

“We are very pleased to welcome Jenne and Kevin to the Ocwen Board,” said Phyllis Caldwell, Chair of Ocwen’s Board. “Jenne and Kevin bring extensive executive and advisory experience, including in the mortgage and financial services industries, and their collective expertise will be invaluable as we execute our strategic priorities and remain committed to our goal of maximizing value for our shareholders. The addition of these directors complements our Board’s skills and experiences, and we are confident they will provide valuable perspectives and look forward to their contributions.”

In addition, Carol J. Galante has notified the Board that she has decided not to stand for re-election at Ocwen’s 2019 Annual Meeting of Shareholders scheduled for May 30, 2019.

Caldwell added, “We are grateful for Carol’s years of outstanding service to the Board and wish her well in the future. We look forward to a smooth transition and to maintaining a balanced mix of qualified, diverse directors with the requisite skills and experience to understand the business, risks and opportunities ahead for Ocwen.”

Jenne K. Britell Background

Jenne K. Britell has significant experience with public company directorships, and was named the 2011 Director of the Year by the National Association of Corporate Directors. She was also named one of six outstanding directors for 2011 by the Outstanding Directors Exchange, a division of the Financial Times. Dr. Britell is the Chairman of the Board of United Rentals, Inc., and director of Quest Diagnostics, Inc. and the U.S. Russia Foundation for Economic Advancement and the Rule of Law. She has also served as a member of the board of directors of Crown Holdings, Inc., West Pharmaceutical Services, Aames Investment Corp. and Lincoln National Corp., among other public companies. In early 2012, Dr. Britell was elected a member of the Council on Foreign Relations. Dr. Britell was chairman and chief executive officer of Structured Ventures, Inc., advisors to U.S. and multinational companies, from 2001 to 2009. From 1996 to 2000, Dr. Britell was a senior executive of GE Capital, where she most recently served as the executive vice president of Global Consumer Finance and president of Global Commercial and Mortgage Banking. From January 1998 to July 1999, she was president and chief executive officer of GE Capital, Central and Eastern Europe, based in Vienna. Before joining GE Capital, she held significant management positions with Dime Bancorp, Inc., HomePower, Inc., Citicorp and Republic New York Corporation. Earlier, she was the founding chairman and chief executive officer of the Polish-American Mortgage Bank in Warsaw, Poland. Dr. Britell is also a member of the Board of the Santa Fe Opera and, previously, a member of the Board of the Santa Fe Institute. She received her B.A., with honors, and M.A. from Harvard University and her M.S. and Ph.D. from Columbia University.

Kevin Stein Background

Kevin Stein is CEO and co-founder of Resolution Analytica Corp., a buyer of commercial judgments. Prior to co-founding Resolution Analytica in 2017, Mr. Stein was Senior Managing Director of KCK-US, Inc., a private equity firm. Mr. Stein was previously a Managing Director in the Financial Institutions Group of Barclays advising banks, specialty finance companies and financial sponsors until 2016. Prior to joining Barclays in 2011, he was a Partner at FBR Capital Markets and group head of the Depository Investment Banking practice. Prior to joining FBR in 2004, Mr. Stein was an executive of GreenPoint Financial Corporation where he held a number of roles including Director of Strategy and Corporate Development, EVP of Mortgage Banking and Chief Information Officer. Prior to joining GreenPoint in 1994, he was an Associate Director of the Federal Deposit Insurance Corporation. Mr. Stein is currently on the Board of Dime Community Bancshares and served on the Board of PHH Corporation from June 2017 until its acquisition by the Company in October 2018. He received his B.A. from Syracuse University and his M.B.A. from Carnegie Mellon University.

About Ocwen Financial Corporation

Ocwen 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, and 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).