– VIRGIN ISLANDS, Christiansted – Altisource Residential Corporation (NYSE:RESI) today announced that William P. Wall has been appointed to its Board of Directors, effective March 1, 2016, following James H. (“Jim”) Mullen, Jr.’s decision to step down as a member of the Board. Upon his appointment, Mr. Wall will serve as a member of the Board’s Audit Committee, Compensation Committee and Nomination/Governance Committee.
Mr. Wall is an accomplished executive with substantial experience serving on the Board of Directors of several publicly listed and private companies throughout his career. Mr. Wall formerly served as General Counsel of Abrams Capital, a Boston-based investment firm, and was a founding partner of Andover Capital in 2003.
David B. Reiner, Chairman of the Residential Board of Directors, said, “We are pleased to welcome Bill to the Residential Board of Directors. Bill is a proven business leader with significant Board level experience. We look forward to benefitting from his extensive investment and corporate governance expertise as we execute our plan to capitalize on attractive single family rental dynamics and enhance long-term value for all shareholders.”
Mr. Reiner continued, “On behalf of the entire Board and management team, we would also like to thank Jim for his three years of dedicated service and contributions to the Board and Residential. We wish him continued success in his future endeavors.”
Mr. Wall said, “I am honored to join the Residential Board of Directors. I look forward to working with my colleagues on the Board and management team to generate optimal returns and help drive value for all shareholders.”
The Nomination/Governance Committee of the Residential Board of Directors is evaluating the Board’s composition and will present details regarding its recommended slate of director nominees in the Company’s proxy statement and other materials, to be filed with the Securities and Exchange Commission and mailed to all stockholders eligible to vote at the 2016 Annual Meeting in the ordinary course of business.
About William Wall
William P. Wall is the managing member of Ottauquechee Partners, LLC, a private investment firm headquartered in Lexington, MA. Mr. Wall has served as a Director of Haynes International (NASDAQ:HAYN) since 2004 and is the Chairman of the Corporate Governance and Nominating Committee and a member of the Audit Committee. Mr. Wall is also a member of the Board of Directors of STAAR Surgical, Inc. (NASDAQ:STAA), where he serves as Chairman of the Nominating and Governance Committee and a member of the Compensation Committee. From February 2006 until June 2015, Mr. Wall served as general counsel of Abrams Capital Management, LLC, a value-oriented investment firm headquartered in Boston. Prior to joining Abrams Capital, Mr. Wall was a partner at a hedge fund for two years and was employed with Fidelity Investments for seven years, concluding as a Managing Director in its private investment group. Mr. Wall began his career as an Associate at the law firm of Ropes & Gray. Previously, Mr. Wall served as a Director of Automobile Holdings, Nations Commercial Finance and Eightfold Capital Management. Mr. Wall received his Bachelor of Arts from the University of Massachusetts at Amherst, and a Masters of Public Administration and Juris Doctorate from Harvard University.
Residential is focused on providing quality, affordable rental homes to families throughout the United States.
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