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8-K - 8-K - DITECH HOLDING Corp | c94984e8vk.htm |
EX-99.1 - EX-99.1 - DITECH HOLDING Corp | c94984exv99w1.htm |
Exhibit 99.2
[NOT] FOR IMMEDIATE RELEASE January 25, 2010 |
Investor and Media Contact: Whitney Finch Director of Investor Relations 813.421.7694 wfinch@walterinvestment.com |
WALTER INVESTMENT MANAGEMENT CORP. ANNOUNCES APPOINTMENT OF
DENMAR J. DIXON AS VICE CHAIRMAN AND EXECUTIVE VICE PRESIDENT
DENMAR J. DIXON AS VICE CHAIRMAN AND EXECUTIVE VICE PRESIDENT
(Tampa, Fla.) Walter Investment Management Corp. (NYSE Amex: WAC) (Walter Investment or the
Company) today announced that Denmar J. Dixon has been appointed to serve as Vice Chairman and
Executive Vice President commencing immediately. Mr. Dixons responsibilities will include leading
Business Development and Merger and Acquisition efforts as well as Capital Markets activities for
the Company.
Mark J. OBrien, Walter Investments Chairman and CEO, said, I am pleased Denmar has joined Walter
Investment to help us achieve our strategic growth objectives at this critical stage in our
Companys development. Denmar is uniquely qualified for this position given his extensive business
development, mergers and acquisitions and capital markets/investment banking experience, as well as
his long history with the Company. This background, coupled with his demonstrated knowledge and
contributions as a Board member will have a significant impact on the growth and performance of
Walter Investment.
Mr. Dixon retired in 2008 after 24 years with Bank of America and Banc of America Securities. At
the time of his retirement, Mr. Dixon was a Managing Director and Global Head of the Basic
Industries group. During his career at Bank of America, Mr. Dixon completed mergers and
acquisitions, equity and debt capital raising and financial restructuring transactions totaling in
excess of $75 billion. In addition, Mr. Dixon was the senior banker responsible for the
relationship with Walter Investments former parent company Walter Energy and was integrally
involved in the strategic transactions that culminated with the spin-out of Walter Investment. In
May 2008, Mr. Dixon founded Blue Flame Capital, LLC, a financial consulting and advisory firm. Mr.
Dixon was elected to the Board of Directors of Walter Investment in April 2009 and was appointed to
the Board of Managers of Walter Investments predecessor entity in December 2008. Prior to his
appointment as Vice Chairman and Executive Vice President, Mr. Dixon resigned his positions on the
Companys Audit, Governance and Compensation Committees.
About Walter Investment Management Corp.
Walter Investment Management Corp. is an asset manager, mortgage servicer and mortgage portfolio
owner specializing in subprime, non-conforming and other credit-challenged mortgage assets. Based
in Tampa, Fla., the Company currently has $1.8 billion of assets under management and annualized
revenues of approximately $190 million. The Company is structured as a real estate investment
trust (REIT) and employs approximately 215 people. For more information about Walter Investment
Management Corp., please visit the Companys website at www.walterinvestment.com.