Walker & Dunlop Names Stephen P. Theobald Executive Vice President, Chief
Financial Officer and Treasurer
BETHESDA, Md., March 4, 2013
BETHESDA, Md., March 4, 2013 /PRNewswire/ --Walker & Dunlop, Inc. (NYSE: WD)
announced today that Stephen P. Theobald will join the Company as Executive
Vice President, Chief Financial Officer and Treasurer on April 1, 2013. Mr.
Theobald joins Walker & Dunlop from Hampton Roads Bankshares (NASDAQ: HMPR)
where he currently serves as Executive Vice President and Chief Financial
Officer. Prior to Hampton Roads, Mr. Theobald held several senior finance
positions at Capital One including Chief Financial Officer of Local Banking
from 2005 to 2010.
"We are delighted to welcome Steve to Walker & Dunlop," stated Willy Walker,
Walker & Dunlop's Chairman and Chief Executive Officer. "Steve brings with
him over two decades of audit, regulatory and executive leadership experience
in the financial services industry. As Walker & Dunlop continues to grow
dramatically and diversify our lending footprint, Steve's broad finance and
accounting background, experience integrating and managing finance operations
in a high-growth financial services firm, and overall leadership skills will
be extremely valuable to our Company," Walker continued. "I want to
personally thank our departing CFO, Debbie Wilson, for her talented work which
included two major acquisitions, Walker & Dunlop's IPO, and the Company
growing revenues over 5x in five years."
Stephen P. Theobald commented, "I am very excited to join Walker & Dunlop at
this time and contribute to the Company's success going forward. Walker &
Dunlop's impressive track record speaks for itself, and I'm thrilled to be
part of such a dynamic and fast growing company where my training and work
experience can add significant value immediately."
About Stephen P. Theobald
Since December 2010, Mr. Theobald, 50, has served as Executive Vice President
and Chief Financial Officer of Hampton Roads Bankshares, Inc., a NASDAQ-listed
company with significant private equity ownership. From 1999 to 2010, Mr.
Theobald held a number of senior finance positions at Capital One Financial
Corporation ("CapOne"). He served as Chief Financial Officer, Local Banking
from 2005 to 2010. Other positions he held at CapOne included: Chief
Financial Officer, Global Financial Services; Executive Lead, Regulatory
Affairs; Executive Lead, PeopleSoft Program Implementation; and Controller.
Mr. Theobald joined CapOne from KPMG, where he was an Audit Partner in their
Financial Services Practice. From 1990 to 1992, Mr. Theobald served as a
Professional Accounting Fellow at the Office of the Comptroller of the
Currency. Mr. Theobald earned a B.S.B.A. in Accounting from the University of
Notre Dame. Mr. Theobald currently lives in Bethesda, Maryland.
About Walker & Dunlop
Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD)
is one of the leading commercial real estate finance companies in the United
States, with a primary focus on multifamily lending. As a Fannie Mae DUS®,
Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the
Multifamily and FHA Finance groups are focused on lending to property owners,
investors, and developers of multifamily properties across the country.
Walker & Dunlop's proprietary Interim Loan Program provides financing for
multifamily properties that do not currently qualify for permanent financing.
The Capital Markets group specializes in financing commercial real estate for
owners and investors across the United States, securing capital from large
institutions such as life insurance companies, commercial banks, CMBS lenders,
pension funds, and specialty finance companies. The Principal Investments
group provides institutional advisory, asset management, and investment
management services with respect to debt, structured debt and equity.
Some of the statements contained in this press release may constitute
forward-looking statements within the meaning of the federal securities laws.
Forward-looking statements relate to expectations, projections, plans and
strategies, anticipated events or trends and similar expressions concerning
matters that are not historical facts. You can identify forward-looking
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The forward-looking statements contained in this press release reflect our
current views about future events and are subject to numerous known and
unknown risks, uncertainties, assumptions and changes in circumstances that
may cause actual results to differ significantly from those expressed or
contemplated in any forward-looking statement.
While forward-looking statements reflect our good faith projections,
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Furthermore, we disclaim any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying assumptions or
factors, new information, data or methods, future events or other changes,
except as required by applicable law. For a further discussion of these and
other factors that could cause future results to differ materially from those
expressed or contemplated in any forward-looking statements, see the section
entitled ''Risk Factors" in our most recent Annual Report on Form 10-K and in
our subsequent SEC filings.
SOURCE Walker & Dunlop
Contact: Investors: Claire Harvey, Vice President, Investor Relations,
+1-301-634-2143, email@example.com, or Media: Susan Weber, Senior Vice
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