Ditech Holding Corporation announced that Thomas F. Marano, the Company's current Chairman of the Board of Directors has been appointed Chief Executive Officer (“CEO”) and President of the Company, effective date on April 18, 2018. Jeffrey P. Baker, the company's current interim CEO and President, will continue to serve as President of Reverse Mortgage Solutions Inc. Also on April 18, 2018, the Company announced the appointment of Ritesh Chaturbedi as the Company's Chief Operating Officer (“COO”), effective as of April 23, 2018. Mr. Marano has served as a director and Chairman of the Board since February 9, 2018.

As CEO, he will continue to serve as Chairman of Board, but will no longer serve on the Nominating and Corporate Governance Committee or Finance Committee. From 2014 until 2017, Mr. Marano served as Chief Executive Officer of Intrawest Resorts Holdings Inc. strategically leading the company to grow until its acquisition in 2017. Prior to Intrawest Resorts, Mr. Marano was the Managing Member of OldePike Associates LLC, a financial consulting business from 2013 to 2014.

Mr. Chaturbedi, served as Chief Strategy & Technology Officer of Preferred Sands from November 2017 to April 2018. Prior to Preferred Sands, from November 2016 to November 2017, Mr. Chaturbedi served as Strategic Advisor to senior executives of several companies advising them on innovation and business transformation. From 2016 to 2017, he served as General Manager at Fareportal Inc., responsible for direct sales channel, global operations and digital strategy.

From 2011 to 2016, Mr. Chaturbedi served as Vice President at Sears Holdings Corporation, leading e-commerce growth and transformation. Prior to that, he held several senior positions within Amazon from 2006 to 2011 leading global reverse logistics and wareshousedeals.com (a wholly-owned subsidiary of Amazon).