Management Shakeup at Ocwen Produces New CFO, CIO

The board of directors for Ocwen Financial Corporation (NYSE:OCN) on Tuesday announced a top management shake-up for the Liberty Home Equity Solutions parent company.

Michael R. Bourque, Jr. will join Ocwen as executive vice president and chief financial officer. He replaces current CFO John Britti, who will retain his EVP position and take on the role of chief investment officer.

Both appointments are effective June 2.

Prior to joining Ocwen, Bourque, spent 15 years in various financial leadership positions in the General Electric Company, spanning both GE’s industrial businesses as well as GE Capital.

Most recently, from 2013 to April 2014, Bourque served as CFO for GE Distributed Power, a business within GE Power & Water. Prior to that he served in other CFO, financial planning and analysis and internal audit roles at General Electric.

Bourque holds a bachelor of arts from the College of the Holy Cross in Worcester, Mass., and a Masters in Business Administration from the Wharton School at the University of Pennsylvania, in Philadelphia, Penn.

Ocwen’s board of directors appointed Bourque and Britti to their new positions May 14.

Written by Cassandra Dowell

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