Ocwen Financial CFO to resign

by Francis Monfort31 May 2018

Michael Bourque is resigning at executive vice president and chief financial officer of Ocwen Financial, the company announced.

The move follows the retirement of Ron Faris as president and CEO of Ocwen in April. The board chose Glenn Messina, former president and CEO of PHH Corporation, to replace Faris and take the reins at Ocwen effective concurrently with the closing of Ocwen’s acquisition of PHH.

Bourque has accepted a position with another financial services company. Ocwen said his resignation is not due to any disagreement with the company relating to its operations, policies, or practices. The resignation is effective June 22, and he will remain active and engaged in his role with Ocwen through that date.

“We would like to thank Michael for his financial leadership and his many contributions over the last four years,” Faris said. “While at Ocwen, Michael has focused his efforts on ensuring the company is in solid financial standing and is well positioned for future success. We respect Michael’s personal decision, and we wish him the best in his new position.”

The company disclosed that it is now looking for internal and external candidates to fill the CFO position.


Related stories:
Ocwen taps former PHH exec to replace departing CEO
Ocwen improves Q1 net income by $35m year over year