Altisource Residential (RESI) CEO Steps Down; Compass Point Reiterates Buy Rating

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Go back to Altisource Residential (RESI) CEO Steps Down; Compass Point Reiterates Buy Rating

Altisource Residential Corporation Announces Ashish Pandey Will Step Down as Chief Executive Officer; Appoints Current President George G. Ellison as Chief Executive Officer; Declares $0.55 Quarterly

June 18, 2015 5:35 PM EDT

CHRISTIANSTED, U.S. Virgin Islands, June 18, 2015 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (Residential or the Company) (NYSE: RESI) today announced that Ashish Pandey has decided to step down as Chief Executive Officer of the Company, effective June 30, 2015, to pursue personal interests in India. The Companys Board of Directors has appointed George G. Ellison, the Companys current President, to serve as the Companys Chief Executive Officer, effective upon the departure of Mr. Pandey.

We wish Ashish well in his new endeavors and thank him for his valuable contributions in building Residentials business,... More