An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Rithm Capital Corp. Elects Peggy Hwan Hebard to the Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Rithm Capital Corp. (NYSE:RITM) has appointed Peggy Hwan Hebard as an independent Board member, effective January 1, 2023. This strategic addition aims to bolster the Board's expertise in financial services and corporate advisory, enhancing Rithm's growth trajectory. Hebard’s extensive background includes roles at the Children's Museum of Manhattan and The Metropolitan Museum of Art. She brings valuable experience from the finance sector, signaling potential for improved strategic direction and shareholder value.
Positive
Peggy Hwan Hebard's appointment adds significant financial and strategic expertise to the Board.
Hebard's previous experience with public boards could enhance governance and decision-making processes.
Negative
Potential concerns regarding continuity and existing experience gaps in the Board.
Addition of Peggy Hwan Hebard to the Board of Directors adds further depth to the Board’s financial services, corporate advisory, strategic planning and public board experience
Ms. Hebard will be a member of the Board of Director’s Audit Committee and Compensation Committee
NEW YORK--(BUSINESS WIRE)--
Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that the Board of Directors of the Company (the “Board”) has elected Peggy Hwan Hebard as an independent member of the Board, effective as of January 1, 2023.
“We are extremely excited to announce Peggy as a new addition to our Board of Directors during an exciting time in Rithm Capital’s continued evolution,” said Michael Nierenberg, Chairman, Chief Executive Officer and President of Rithm Capital. “Peggy’s extensive experience in and knowledge of the financial services industry, public boards and strategic transaction advising will be valuable assets to our Board. The addition of Peggy to our Board complements our existing directors’ skills and experiences. We look forward to working with Peggy as we continue to execute on our strategy, diversify and drive growth across our businesses and enhance value for all of our stakeholders.”
Background on Peggy Hwan Hebard
Ms. Hebard is currently the Chief Financial Officer and Chief Operating Officer at the Children's Museum of Manhattan. Her prior work experience included fourteen years as a Senior Advisor to the Executive Office at The Metropolitan Museum of Art, a debt ratings analyst at Standard & Poor's, an investment banker at Credit Suisse First Boston, a consultant at PwC working with companies in the financial services industry, and an auditor at Coopers & Lybrand. She has an MBA from the Yale School of Management, a master’s degree from Johns Hopkins, and a BS from the Wharton School at the University of Pennsylvania. She holds the CFA and CPA designations.
Additionally, Ms. Hebard served on the Board of Directors of Turning Point Brands (NYSE: TPB) from September 2018 until April 2021, during which time she served on the Audit and Compensation committees and led a special committee overseeing a strategic M&A transaction.
ABOUT RITHM CAPITAL
Rithm Capital is a manager of assets and investments focused on the real estate and financial services industries. The Company seeks to provide attractive risk-adjusted returns across interest rate environments through a complementary portfolio of investments and operating businesses. Since inception in 2013, Rithm Capital has delivered approximately $4.3 billion in dividends to shareholders. Rithm Capital’s investments in operating entities include leading origination and servicing platforms held through its wholly-owned subsidiaries, Newrez LLC, Caliber Home Loans Inc., and Genesis Capital LLC, as well as investments in affiliated businesses that provide residential and commercial real estate related services. Rithm Capital is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes and is headquartered in New York City.
Who is Peggy Hwan Hebard and what is her role at Rithm Capital?
Peggy Hwan Hebard has been appointed as an independent member of Rithm Capital's Board of Directors and will serve on the Audit and Compensation Committees.
When did Peggy Hwan Hebard join Rithm Capital's Board?
Peggy Hwan Hebard joined Rithm Capital's Board of Directors effective January 1, 2023.
What experience does Peggy Hwan Hebard bring to Rithm Capital?
Hebard brings extensive experience in financial services, corporate advisory, and public boards, previously serving as CFO at the Children's Museum of Manhattan and holding various roles in finance.
What is the expected impact of Hebard's appointment on Rithm Capital?
Her appointment is expected to enhance Rithm Capital's governance and strategic focus, potentially driving growth and value for stakeholders.
What committees will Peggy Hwan Hebard serve on at Rithm Capital?
Peggy Hwan Hebard will be a member of the Audit Committee and the Compensation Committee.
