CEO says executive is "one of the most credible risk and policy experts in our industry"
Mr. Cooper Group has announced that its chief credit officer Kurt Johnson (pictured) will now also lead its risk and compliance team as executive vice president and chief risk and compliance officer.
In a statement, Mr. Cooper said that Johnson “has led critical work for the company in setting risk related policy and governance.”
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“Most recently, he led the charge within the company and the industry on the mortgage relief options included in the CARES Act, working with government agencies to advocate for homeowners and ensure Mr. Cooper customers had solutions during the pandemic,” the company said in its statement.
In his expanded role, Johnson replaces Steve Covington as he transitions into retirement in June. The company said that Johnson and Covington will work together to ensure a smooth transition over the coming months.
“Kurt is one of the most credible risk and policy experts in our industry, and I am confident he will continue to build upon the relationships the team has established with regulators and government officials in his expanded role,” said Jay Bray, chairman and chief executive officer of Mr. Cooper Group. “I would like to thank Steve for his leadership in building a best-in-class risk and compliance organization, which is a pillar strength for Mr. Cooper, and wish him the best in his well-deserved retirement.”