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The J.G. Wentworth Company® Adds Key Talent to Support Strategic Imperatives
RADNOR, Pa.–(BUSINESS WIRE)–The J.G. Wentworth Company® (“JGW” or the “Company”) (NYSE:JGW), a leading purchaser of structured settlement payments, annuity payments, lottery payments and other receivables through the J.G. Wentworth and Peachtree brands, today announced that several key leadership positions have been recently filled across the organization aligned to the strategies of growing the core, becoming an information-based company and a diversified consumer financial services provider.
“I am pleased to see the quality and caliber of talent we are attracting to the organization. The newest additions to The J.G. Wentworth Company® have a proven track record in their fields, and I look forward to their contributions to our transformation efforts,” said Stewart A. Stockdale, Chief Executive Officer of JGW.
To support the previously announced agreement to acquire WestStar Mortgage, Inc., the Company has brought on Cheryl MacNally to assume the role of Vice President, Business Integration. Cheryl has over 30 years of experience in financial services and mortgage banking, including a 20 year career with Wells Fargo Home Mortgage (“Wells Fargo”). During her career with Wells Fargo, she held a variety of positions in Sales Management, Process Engineering, and Implementation and she was instrumental in hiring, training and certifying the largest retail originations team capturing number one market share each year. Ms. MacNally will take a lead role in integration management and will assist in developing and delivering on strategies to accelerate the growth of the Company’s mortgage business. Cheryl received her Bachelors in Business Administration from Stonehill College.
Enhancing the Company’s digital and information-based capabilities, Brandon Nott, Vice President, Business Intelligence joined The J.G. Wentworth Company® from VML, a leading global marketing agency and WPP company, where he was the Director of Business Intelligence responsible for information strategy and implementation working for international brands such as PepsiCo, Gatorade and Wendy’s. Prior to that, Brandon worked for The Bluetooth SIG as the Director of Technology, overseeing the infrastructure and application development for tools that enable brands such as Apple, Microsoft, Intel, and LG to co-develop specifications and implement Bluetooth in their products. Brandon holds a Masters in Business Information Systems from the University of Kansas.
“As we become a diversified consumer financial services company, the organization must address the increasing complexities of new product lines and new focus on enterprise performance,” added Stockdale. To further this goal, Erik Hartwell will join the Company in July as Vice President of Financial Planning & Analysis and Investor Relations. Erik joins the company from Western Union where he was responsible for forecasting and budgeting multiple products for the North America region including the launch of the prepaid card product. Erik holds a Masters in Business Administration from Regis University.
“As we continue on our diversification path we will strategically add the leadership talent necessary for us to achieve our vision,” said Stockdale.
About The J.G. Wentworth Company®
The J.G. Wentworth Company® focuses on structured settlement, annuity and lottery payment purchasing. The Company is further diversifying into the prepaid category, personal lending and home lending. For more information about The J.G. Wentworth Company®, visit www.jgw.com or use the contact information provided below.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements. You can identify such statements because they contain words such as “plans,” “expects,” or “does expect,” “budget,” “forecasts,” “anticipates,” or “does not anticipate,” “believes,” “intends,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might,” or “will,” be taken, occur or be achieved. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements and should not be relied upon as any guarantee of performance or results.
The J.G. Wentworth Company®
Makovsky for The J.G. Wentworth Company®
Michael Goodwin, 212-508-9639