STAMFORD, Conn., Sept. 13, 2013 (GLOBE NEWSWIRE) -- Entitle Direct Group, Inc. ("EDG" or the "Company"), the parent company of the country's leading direct-to-consumer title insurance underwriter, EnTitle Insurance Company, announced today the appointment of John Sheffield as its new Chief Financial Officer and Corporate Secretary.
John joins the Company with over 20 years of financial, strategic and corporate expertise developed from companies in several industries. Prior to joining EDG in 2013, John served as Executive Vice President, Chief Financial Officer and Corporate Secretary for a publicly traded manufacturer of healthcare supplies with nearly $450 million in revenue and approximately 1500 employees. Prior to that John held senior positions in the investment banking industry with Bank of America Merrill Lynch and the Bank Street Group after many years with Wasserstein Perella & Co. He commenced his professional career as an auditor with a predecessor to PricewaterhouseCoopers and was a Certified Public Accountant in Texas. John received a Master of Business Administration from The University of Texas McCombs School of Business, a Diplôme in Management from EMLyon Business School (France) and a Bachelors of Business Administration in Accounting from Southern Methodist University.
Timothy Dwyer, Founder and CEO of Entitle Direct Group says, "Our early success with ENTITLE DIRECT has disrupted the outdated tradition of the 130 year-old title insurance industry. As we look to take ENTITLE DIRECT to the next level, I am thrilled to have John join the Company to help lead our transformation into an even more successful company with his focus on creating actionable strategic plans, establishing accountability, and instituting best practices."
In October 2012, the Company announced the closing of a $21 million investment by an affiliate of PartnerRe Ltd., a leading global reinsurer and existing shareholders. Dwyer continued, "John's hiring as our CFO is another step in continuing to strengthen both EDG and its leadership team."
About Entitle Direct Group, Inc.
Entitle Direct Group, Inc. was founded in 2008 with a two-fold mission: lower closing costs and introduce transparency into the closing process for both purchase and refinance transactions. Entitle Direct Group is the parent company of the country's first direct-to-consumer title insurance underwriter, EnTitle Insurance Company, which has been issuing title policies 1978. ENTITLE DIRECT is the direct-to-consumer distribution channel of EnTitle Insurance Company. Currently operating in 40 states, EnTitle Insurance Company has filed title insurance rates up to 35% lower than major competitors, saving consumers hundreds, sometimes thousands, of dollars in closing costs. For more information about Entitle Direct Group, visit www.ENTITLEDIRECT.com.
CONTACT: John Sheffield Chief Financial Officer 203-724-1150Source:Entitle Direct Group, Inc.