Walker & Dunlop Names Stephen P. Theobald Executive Vice President, Chief Financial Officer and Treasurer
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.
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"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.
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SOURCE Walker & Dunlop