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Business Observer Friday, Jan. 27, 2017 3 years ago

Walter Investment Management makes board changes

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Tampa investment firm adds three new members to its board of directors.

Tampa-based Walter Investment Management Corp. has added three new members to its board of directors, replacing a trio of directors who have resigned.

Walter Investment president and CEO Anthony N. Renzi, Neal Goldman and Michael Bhaskaran each joined the board of the mortgage banking firm, which has roughly 5,000 employees and specializes in residential and reverse mortgage debt.

“We believe each of these new directors has expertise and fresh perspectives that will be valuable as we re-engineer Walter for future success,” says Walter Investment's chairman, George M. Awad.

The additions come as Mark J. O'Brien, James L. Pappas and Shannon E. Smith resigned from the company's board. Awad says the three made “many contributions to the company during their long tenure.”

Goldman, the managing member of Sage Capital Investments LLC, will chair Walter Investment's compensation and human resources committee and be a member of the board's audit, compliance and finance committees.
Prior to Sage, he worked as managing director at Och Ziff Capital Management L.P. from 2014 to 2016, and as founding partner of Brigade Capital Management LLC from 2007 through 2012. During that time, the firm grew to more than $12 billion in assets under management. Goldman also worked at investment firms Mackay Shields LLC and Salomon Bros. Inc. He has also been a board member at Lightsquared Inc., Pimco Income Strategy Fund I and II, Midstates Petroleum Co. and Jacuzzi Brands.

Bhaskaran, the chief supply chain officer for Staples Inc. since 2015, also joins the board's audit and compliance committees. Prior to working at the discount office supply retailer, Bhaskaran was COO and CIO for Beyondtherack.com, where he oversaw global logistics, transportation, fulfillment and technology.
Previously, he held executive logistics positions with Starbucks Corp. and Amazon.com.

Walter Investment also announced that its annual company meeting would be held on May 17, at the Hilton Garden Inn in Fort Washington, Pa. Shareholders as of March 7 will be entitled to vote at the meeting.

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