Altisource Asset Management Corp. (AAMC)

[Enterprising Investor]

Altisource Asset Management Corporation Announces Departure of COO and Interim CEO Danya Sawyer (12/05/23)

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announces the resignation of Danya Sawyer, Chief Operating Officer of Alternative Lending Group, the Company’s principal operating subsidiary. Ms. Sawyer, whose departure was effective December 1, 2023, also served as AAMC’s interim Chief Executive Officer during the recent restructuring of the Company’s loan business.

“We appreciate Danya’s excellent service and contributions to the Company,” said Chairman of the Board Ricardo Byrd. “We wish her well in her future endeavors.” A successor CEO is expected to be announced within 30 days.

About AAMC

AAMC acquires, originates and manages mortgage loans, mortgage-backed securities and equity investments in underserved markets. Additional information is available at www.altisourceamc.com.

AAMC works to employ capital light operating strategies that have historically been implemented across a variety of industry sectors ranging from REIT management and title insurance and reinsurance to private loan acquisition, origination and disposition. AAMC is committed to an investment philosophy of opportunistic deployment of capital in new ventures that we believe will be accretive to shareholder value. We are likewise committed, as a matter of core corporate values, to exemplary environmental, social and governance principles.

https://www.businesswire.com/news/home/20231205539269/en/