Homeownership Preservation Foundation Appoints Jill Kanin-Lovers and Prue Larocca to Expanded Board of Directors
WASHINGTON, D.C., February 7, 2012 – The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner’s HOPE™ Hotline at 888-995-HOPE, today announced the further expansion of its Board of Directors with the appointments of Jill Kanin-Lovers and Prue Larocca.
With the appointments of Ms. Kanin-Lovers and Ms. Larocca, HPF’s Board expands to 13 seats, effectively doubling the size of its Board since the beginning of 2010. Today’s announcement is in keeping with HPF’s earlier stated strategic goal to broaden the professional diversity and issues expertise of its Board.
“HPF diligently set out two years ago to expand our Board to bolster governance and ensure we have the right blend of individuals with the functional, market, and industry expertise required to effectively provide oversight to an organization such as HPF,” said Bruce Paradis, chairman of the Board of Directors for the Homeownership Preservation Foundation. “Jill and Prue are extraordinarily accomplished professionals whose insights will undoubtedly be of great value and benefit to the Board’s work.”
Jill Kanin-Lovers has considerable corporate governance expertise; she was named by Directors & Boards magazine as one of its “Directors to Watch” for 2011. She is a member of the board of directors and chair of the Compensation Committees for Dot Foods, the nation’s largest food redistributor, and Heidrick & Struggles, a leading global executive search and leadership advisory firm. Ms. Kanin-Lovers also serves on the Audit Committee at Heidrick and the Nominating Committee at Dot Foods. She had earlier served on the Boards of Alpharma, a specialty pharmaceutical company; BearingPoint, a global technology consulting firm; and First Advantage, a risk and business solutions provider; she chaired the Compensation Committee at all three. During the course of her Board work, she has chaired four CEO Succession/Search Committees.
Named one of the Top 50 global leaders in human resources in 2000 by HR World magazine, Ms. Kanin-Lovers previously worked at Avon Products, where she was senior vice president of human resources and workplace management and a member of the company’s Executive Committee, Corporate Compliance Committee, and the board of the Avon Foundation. Earlier, she held executive-level human resources positions at American Express and IBM, and, prior to that, spent 17 years in management consulting with Towers Perrin (now Towers Watson). Ms. Kanin-Lovers teaches Corporate Governance and Business Ethics for the Rutgers University Mini-MBA program.
Also joining HPF’s Board is Prue Larocca, who has extensive experience and expertise across the residential mortgage credit continuum. She served as managing director of mortgage and asset-backed finance at RBS Greenwich Capital, the U.S.-based security brokerage firm of the Royal Bank of Scotland Group, where she was responsible for business development, specializing in financial products developed for financial institutions, REITs, specialty financial companies, mortgage banks, Fannie Mae, Freddie Mac, Ginnie Mae, and the FDIC. Prior to joining RBS Greenwich Capital in 1993, she was a senior vice president at Lehman Brothers with responsibility for its single-family mortgage business; previously, she ran the single family and consumer securitization business for the Resolution Trust Corporation. Earlier in her career, Ms. Larocca provided legal counsel to lenders and banks in real estate transactions while practicing law at Milbank, Tweed, Hadley & McCloy and Kutak Rock.
“Jill and Prue are exceptional additions to HPF’s Board of Directors, and I look forward to working with them to ensure that the organization continues to meet the needs of the millions of distressed homeowners who benefit from the independent, reliable mortgage counseling that HPF provides,” said Colleen Hernandez, CEO of HPF.
Additional information about HPF’s Board of Directors is available on its website at www.995hope.org.
About the Homeownership Preservation Foundation
The Homeownership Preservation Foundation (HPF) is an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure. HPF guides consumers onto the path of sustainable homeownership and develops innovative solutions to preserve and expand homeownership. Through its Homeowner’s HOPE™ Hotline, 888-995-HOPE™, HPF provides comprehensive financial education and confidential foreclosure prevention counseling for FREE, 24 hours a day, 7 days a week, 365 days a year, in over 170 languages. Since 2007, HPF has served more than four million distressed homeowners, an average of 5,500 each weekday, who depend upon HPF as a trusted, neutral source of information and assistance. For more information about the Homeownership Preservation Foundation or the Homeowner’s HOPE™ Hotline, please visitwww.995hope.org.
