Walker & Dunlop Board of Directors Welcomes McKinsey’s Executive Gary Pinkus

Rhea-AI Summary

Walker & Dunlop announced that Gary Pinkus, former managing partner of McKinsey & Company’s North American operations and global leader of McKinsey’s Private Equity & Principal Investors Practice, has been elected to its board of directors. Pinkus will also serve on the Audit and Risk Committee. Chairman and CEO Willy Walker emphasized Pinkus's extensive business knowledge and experience. Pinkus, who has served on McKinsey’s Shareholders Council since 2009 and chaired the Senior Partners Committee, expressed excitement to contribute to Walker & Dunlop's growth and strategic direction.

Positive

• Gary Pinkus brings vast experience from McKinsey, enhancing board expertise.
• Pinkus's role on the Audit and Risk Committee could improve financial oversight.
• His proven leadership in private equity may drive strategic growth for Walker & Dunlop.

Negative

• No immediate financial or operational benefits are explicitly detailed in the announcement.
• Pinkus's appointment alone may not directly impact stock performance in the short term.

BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that Gary Pinkus has been elected to its board of directors as an independent director and member of the Audit and Risk Committee.

“I am thrilled to welcome Gary to our exceptional board of directors," commented Walker & Dunlop's Chairman and CEO Willy Walker. “As former managing partner of McKinsey & Company’s North American operations, and global leader of McKinsey’s Private Equity & Principal Investors Practice, Gary brings vast business knowledge and experience to the W&D board. Gary's insights and leadership will help guide Walker & Dunlop forward, and we are extremely excited to have him join us.”

Pinkus has spent his entire professional career at McKinsey and has served on McKinsey’s Shareholders Council (McKinsey’s Board of Directors) since 2009. He has chaired McKinsey’s Senior Partners Committee and been Chairman of North America since 2019. He currently serves on the Board of Trustees of Wake Forest University and as Chair of the U.S. Ski and Snowboard Finance Committee.

“I have known Willy for many years and admire Walker & Dunlop's incredible track record of success," commented Pinkus. "I look forward to working with the board of directors and senior management on the company's growth and strategic direction going forward."

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States. Our ideas and capital create communities where people live, work, shop, and play. The diversity of our people, breadth of our brand and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618409503/en/

Investors:

Kelsey Duffey

Investor Relations

Phone 301.202.3207

investorrelations@walkeranddunlop.com

Media:

Nina H. von Waldegg

VP, Public Relations

Phone 301.564.3291

info@walkeranddunlop.com

Source: Walker & Dunlop, Inc.

FAQ

Who was recently elected to Walker & Dunlop's board of directors?

Gary Pinkus, former managing partner of McKinsey & Company’s North American operations.

What committee will Gary Pinkus serve on at Walker & Dunlop?

Gary Pinkus will serve on the Audit and Risk Committee.

What experience does Gary Pinkus bring to Walker & Dunlop?

Gary Pinkus brings extensive business knowledge from his career at McKinsey & Company, including leadership in their Private Equity & Principal Investors Practice.

When did Gary Pinkus start serving on McKinsey’s Shareholders Council?

Gary Pinkus has served on McKinsey’s Shareholders Council since 2009.

What is the stock symbol for Walker & Dunlop?

The stock symbol for Walker & Dunlop is WD.