Corporate :: Board of Directors
Board of Directors
George M. Awad
Founder and Principal, Gibraltar Capital Corporation
Chairman of the Board
George M. Awad, age 56, has served as a director of the Company and Chairman of the Board since June 2016. He served as Interim Chief Executive Officer and President of the Company from June 2016 through September 2016. Mr. Awad is the founder and principal of Gibraltar Capital Corporation, a wealth management and advisory firm providing investment and business advice to wealthy, internationally-based families. Mr. Awad has extensive operating experience in running large, global businesses across the full suite of consumer financial services products, including senior leadership roles with GE Capital (1988-2006) and Citigroup, Inc. (2006-2011), with work experience in over 50 countries. Most recently, Mr. Awad served as CEO, Consumer Finance for Citigroup, with prior positions as CEO, North America Cards and CEO, Global Consumer Group EMEA. At GE Capital, Mr. Awad held the position of Senior Vice President Sales & Marketing for GE Money from 2000 through 2006, and was promoted to GE Officer in 2004. He has served as a director of TransUnion since November 2013, and as a member of its Audit and Compliance Committee since 2013. Mr. Awad received his MBA in Finance from the University of Pittsburgh in Pennsylvania and holds a B.S. in Civil Engineering from the American University of Beirut.
Daniel G. Beltzman
Manager and General Partner, Birch Run Capital Advisors, LP
Daniel G. Beltzman, age 41, has served as a director since December 2015, and previously served as Chairman of the Board from February 2016 through June 2016. He has served as a member of the Compensation and Human Resources Committee since 2015, a member of the Compliance Committee since March 2016, a member of the Nominating and Corporate Governance Committee since 2015, and as a member of the Finance Committee since March 2016. Mr. Beltzman co-founded Birch Run Capital Advisors, LP (f/k/a Birch Run Capital, LLC), an investment advisor headquartered in New York and has served as its Manager and General Partner since 2006. Birch Run focuses on value-based opportunities in public or private equity or debt securities and looks to stand behind management teams and boards in their efforts to build successful and sustainable businesses. Prior to managing investments, Mr. Beltzman was an analyst at Deutsche Bank Securities, Inc. and an associate at Bank of America Securities, LLC focusing on equity research and mergers and acquisitions. Thereafter, he founded Build Europe Technologies, an entrepreneurial venture that provided services to help European homebuilders more efficiently manage their supply chains. Before founding Birch Run, Mr. Beltzman worked with a boutique investment firm specializing in joint venture equity and mezzanine debt for real estate ventures. Mr. Beltzman has served as a director on the board of Regis Corporation, a hair salon chain, since August 2012. Mr. Beltzman holds a B.B.A and M.Acc. from the University of Michigan.
Steven R. Berrard
Managing Partner, New River Capital Partners
Steven R. Berrard, age 62, has served as a director of the Company since March 2010. He has served as a member of the Compensation and Human Resources Committee from the time of his appointment to the Board of Directors, and as Chairman since March 2016. Since March 2016, he has also served on the Nominating and Corporate Governance Committee and the Finance Committee. He previously served on the Audit Committee from May 2010 until February 2013. Mr. Berrard also serves on the board of directors of RumbleOn Inc., a publicly traded on-line e-commerce platform for pre-owned recreational vehicles. Mr. Berrard served on the board of directors of Vroom Inc., an on-line direct auto retailer of pre-owned vehicles, from 2014 to 2016. Mr. Berrard served on the board of directors of Swisher Hygiene Inc., a publicly traded industry leader in hygiene solutions and products, from 2004 until May 2014. Mr. Berrard is the Managing Partner of New River Capital Partners, a private equity fund he co-founded in 1997. Mr. Berrard was the co-founder and Co-Chief Executive Officer of AutoNation, Inc. (“AutoNation”), a leading automotive retail company, from 1996 to 1999. Prior to joining AutoNation, Mr. Berrard served as President and Chief Executive Officer of the Blockbuster Entertainment Group, at the time the world’s largest video store operator. Mr. Berrard served as President of Huizenga Holdings, Inc., a real estate management and development company, and served in various positions with subsidiaries of Huizenga Holdings, Inc. from 1981 to 1987. Mr. Berrard was employed by Coopers & Lybrand (now PricewaterhouseCoopers LLP (“PwC”)) from 1976 to 1981. Mr. Berrard has served on the Board of Directors of Pivotal Fitness, Inc., a chain of fitness centers operating across in various markets in the United States, since 2003. Mr. Berrard earned his B.S. in Accounting from Florida Atlantic University.
Michael M. Bhaskaran
Chief Supply Chain Officer, Staples, Inc.
Michael M. Bhaskaran, age 47, has served as the Chief Supply Chain Officer for Staples, Inc. since 2015. From 2013 to 2015, Mr. Bhaskaran served as Chief Operating Officer and Chief Information Officer of Beyondtherack.com, where he was responsible for global logistics, transportation, fulfillment and technology. Prior thereto, Mr. Bhaskaran served as Vice President, Global Logistics of Starbucks Corporation from 2012 to 2013 and Director of Global Transportation Operations & Technology of Amazon.com, Inc. from 2007 to 2012. Mr. Bhaskaran received a B.S. from Nagarjuna University in India, M.S. in Industrial Technology & Engineering from Utah State University and M.B.A. from Purdue University.
Ellyn L. Brown
Retired President, Brown & Associates
Ellyn L. Brown, age 66, Ellyn L. Brown has served as a director of the Company since April 2009. She has served as a member of the Nominating and Corporate Governance Committee since 2009, and as a member and Chair of the Compliance Committee since 2014. She previously served on the Compensation and Human Resources Committee from 2009 until March 2016 and the Audit Committee from 2009 until 2013. Ms. Brown practiced corporate and securities law until her retirement in 2010, most recently as the president of Brown & Associates, a corporate law and consulting firm that provided operational, regulatory and governance guidance to financial services clients and other entities that operate in highly regulated environments. She has taught corporate and securities law at Villanova University School of Law and the University of Maryland School of Law. In 2012, Ms. Brown joined the board of directors of CNO Financial, Inc., an insurance holding company. Since 2016, she has served as an advisor to the national Blue Cross Blue Shield Institute as it is exploring creative solutions to improve health outcomes and lower health care costs. In January 2017, Ms. Brown will join the board of the Brinker Capital Destinations Trust ($19b AUM).
Ms. Brown served as a director of NYSE Euronext, Inc. and its predecessors from 2005 through 2013, when NYX was acquired by the Intercontinental Exchange, and chaired the Board of Directors of NYSE Regulation, Inc., the independent entity that oversees the regulation of the NYSE markets, through 2014. Ms. Brown served on the Board of Governors of the Financial Industry Regulatory Authority from 2007 to 2012, and was a trustee of the Financial Accounting Foundation (parent of the Financial Accounting Standards Board and the Government Accounting Standards Board) from 2007-2011. She served as Maryland’s Securities Commissioner from 1987-1992, and later was a member of the boards of the National Association of Securities Dealers Regulation and the Certified Financial Planner Board of Standards.
Neal P. Goldman
Managing Member, SAGE Capital Investments, LLC
Neal P. Goldman, age 47, is currently the Managing Member of SAGE Capital Investments, LLC, a consulting firm specializing in independent board of director services, turnaround consulting, strategic planning, and special situation investments. Mr. Goldman was a Managing Director at Och Ziff Capital Management, L.P. from 2014 to 2016 and a Founding Partner of Brigade Capital Management, LLC from 2007 to 2012, which he helped build to over $12 billion in assets under management. Prior to this, Mr. Goldman was a Portfolio Manager at Mackay Shields, LLC and also held various positions at Salomon Brothers Inc., both as a mergers and acquisitions banker and as an investor in the high yield trading group. Throughout his career, Mr. Goldman has held numerous board representations including roles as an independent member of the boards of directors of Lightsquared, Inc., Pimco Income Strategy Fund I & II, and Catalyst Paper Corporation as well as a member of the boards of directors of Jacuzzi Brands and NII Holdings, Inc. Since October 2016, Mr. Goldman has served on the board of directors of Midstates Petroleum Company, Inc., an independent exploration and production company. Mr. Goldman received a B.A. from the University of Michigan and a M.B.A. from the University of Illinois.
Alvaro G. de Molina
Former Chief Executive Officer, GMAC Financial Services
Alvaro G. de Molina, age 59, Alvaro G. de Molina has served as a director since September 2012. He has served as a member of the Audit Committee since 2012, a member of the Compensation and Human Resources Committee since 2012, and as a member of the Compliance Committee since 2014. Prior to serving on the Board of Directors, Mr. de Molina served as the Chief Executive Officer of Ally Financial Inc., previously known as GMAC Inc. (“GMAC”), an automotive financing, corporate and home loan company, beginning in April 2008, and on the Board of Directors of GMAC beginning in March 2009, until resigning from both positions in November 2009. Prior to joining GMAC, Mr. de Molina was with Cerberus Capital Management, L.P., a private investment firm, and prior thereto Mr. de Molina had a 17-year career at Bank of America Corporation (“Bank of America”) where he held a number of positions in senior management, including Chief Financial Officer, Chief Executive Officer of Banc of America Securities, President of Global Corporate and Investment Banking and Corporate Treasurer. Before joining Bank of America, Mr. de Molina served in the lead financial role for emerging markets at J.P. Morgan Chase & Co. Mr. de Molina began his career at PwC. Mr. de Molina has served on the board of directors of Regional Management Corp., a consumer finance company (where he serves as Lead Director and a member of the Corporate Governance and Nominating Committee and Audit Committee) since 2012. Mr. de Molina holds a bachelor’s degree in accounting from Fairleigh Dickinson University and a master’s degree in business administration from Rutgers Business School.
William J. Meurer
Trustee, LifeLink Foundation
William J. Meurer, age 73, has served as a director of the Company since April 2009. He has served as a member and Chair of the Audit Committee since 2009. Prior to serving on the Board of Directors of the Company, Mr. Meurer was elected to the Board of Managers of JWHHC, in anticipation of the spin-off of WIM from Walter Energy, Inc. Previously, Mr. Meurer was employed for 35 years with Arthur Andersen LLP where he served most recently as the Managing Partner for Arthur Andersen’s Central Florida operations. Since retiring from Arthur Andersen in 2000, Mr. Meurer has been a private investor and consultant. Mr. Meurer has also served on the Board of Trustees for LifeLink Foundation, Inc. since 2008, as a member of the board of directors of Sykes Enterprises, Incorporated, a business process outsourcing company, since 2000 (where he is also the Chairman of the Audit Committee and member of the Nominating and Corporate Governance Committee and Finance Committee), and as a member of the board of directors of the Eagle Family of Mutual Funds since 2003.
Managing Member & Chief Investment Officer, Baker Street Capital Management, LLC
Vadim Perelman, age 34, has served as a director since December 2015. He has served as a member of the Compensation and Human Resources Committee since 2015, a member of the Compliance Committee since 2015, a member of the Nominating and Corporate Governance Committee since 2015, and as a member and Chair of the Finance Committee since March 2016. Mr. Perelman is the founder and has served as the Managing Member and Chief Investment Officer of Baker Street Capital Management, LLC, the investment manager of Baker Street Capital L.P. (“BSC LP”), a private investment partnership, since its inception in 2009. Mr. Perelman also serves as the Managing Member of Baker Street Capital GP, LLC, which serves as the general partner of BSC LP. From 2007 to 2009, Mr. Perelman worked as a senior analyst at Force Capital Management, a fundamental value-focused investment fund. Mr. Perelman previously served on the boards of directors of USA Truck, Inc. from 2014 to 2015, Xyratex Ltd. from 2013 to 2014, Tix Corporation from 2011 to 2013 and Unilens Vision Inc. from 2011 to 2013. He holds a B.A. in Economics and Computer Science from the University of California, Berkeley.
Anthony N. Renzi
Chief Executive Officer and President, Walter Investment Management Corp.
Anthony N. Renzi, age 53, joined the Company and began serving as the Chief Executive Officer and President on September 12, 2016. Prior thereto Mr. Renzi served as the Chief Operating Officer, Managing Director and Head of Operations for Citi’s North America Retail Bank, Commercial Bank and CitiMortgage (2012-2016). In that capacity he provided executive operations leadership for customer contact centers, core banking and mortgage operations, branch operations support, investor reporting/servicing accounting, default operations and servicing technology. Mr. Renzi also served as a director for CitiMortgage. With over 30 years of experience in mortgage banking, he is an accomplished executive with demonstrated success creating and leading top national financial services organizations, including serving as the Executive Vice President of the Single Family Business, Operations and Technology at Freddie Mac (2010-2012). He served as the Chief Operating Officer and director of GMAC Residential Capital and the President of GMAC Mortgage (2008—2010); as Chief Operating Officer of GMAC Mortgage, Residential Finance Group (2006 to 2008); and in various leadership positions in the lending and servicing businesses of GMAC Mortgage from 1986 through 2006. Mr. Renzi earned a Bachelor’s Degree in Business Administration from Holy Family University in Philadelphia and an MBA from Philadelphia University.
Michael T. Tokarz
Member, Tokarz Group, LLC
Michael T. Tokarz, age 67, has served as a director since April 2009. He has served as a member of the Nominating and Corporate Governance Committee since 2009 (as its Chair from 2009 through March 2016), and as a member of the Finance Committee since March 2016. He previously served as an ex officio member of the Compliance Committee from 2014 through March 2016. He also served as lead independent director of the Board of Directors from August 2012 to February 2016. Since February 2002, Mr. Tokarz has been a member of the Tokarz Group, LLC, a provider of investment banking services. From January 1996 until February 2002, Mr. Tokarz was a member of the limited liability company which serves as the general partner of Kohlberg Kravis Roberts & Co. L.P. Mr. Tokarz also is a director of CNO Financial Group, Inc., an insurance company (formerly known as Conseco, Inc.) since 2003, Mueller Water Products, Inc., a manufacturer of water distribution products, since 2006 and MVC Capital, Inc., a business development company since 2004. Mr. Tokarz also served on the boards of directors of IDEX Corporation, a technology company specializing in fluid and metering, health and science, and fire and safety products, from 1987 to 2015, and Walter Energy, Inc., a producer of coal, coke and natural gas, from 1987 to March 2016, including the Chairman of its Board of Directors from 2006 to March 2016.