Ocwen Financial Corp. (OCN) has provided an update.
Ocwen Financial Corporation’s Board of Directors has appointed Claudia J. Merkle as a new independent director, expanding the board to eight members effective April 1, 2024. Merkle brings a wealth of experience as the former CEO of NMI Holdings and has served in various executive roles within the mortgage insurance industry. This announcement comes as director Phyllis R. Caldwell decides not to seek re-election, with her tenure ending at the 2024 annual shareholder meeting. Caldwell’s departure, after nine years including seven as Chair, is not due to any operational disagreements.
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