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Nicolas V. Chater Named Chief Financial Officer of HomeBanc
Mortgage Corp.
ATLANTA, July 30 /PRNewswire-FirstCall/ -- HomeBanc Corp. (NYSE:HMB) announced
that as part of its reorganization into a real estate investment trust (REIT)
and its recent initial public offering, Nicolas V. Chater has been named Chief
Financial Officer of HomeBanc's subsidiary, HomeBanc Mortgage Corporation.
Chater joins HomeBanc with many years of accounting experience with public
companies. Prior to joining HomeBanc Mortgage, he served in chief financial
officer roles for eight years with several business units of Cap Gemini Ernst &
Young, a worldwide management and information technology consultancy.
"Nicolas brings to HomeBanc the knowledge and breadth of experience that we
need during this stage of our development," said Patrick S. Flood, Chairman and
CEO of HomeBanc Corp. "His expertise in financial controls and management, and
managing teams will serve our mortgage origination efforts well as we continue
to pursue opportunities and grow."
A native of the United Kingdom, Chater graduated from Oxford University in
Oxford, England, and became an accountant, gaining the bulk of his public
accounting experience with Ernst & Young. Fluent in English, French and
German, he has had numerous international assignments during his career. He
has lived in Atlanta since 2001.
HomeBanc Corp. President and Chief Operating Officer Kevin Race is supervising
the strengthening and development of HomeBanc Corp.'s and HomeBanc Mortgage's
financial operations in the wake of HomeBanc Corp.'s IPO.
Race stated: "Steve McClellan, who has served as HomeBanc Mortgage
Corporation's CFO for almost two years, will transition to work with me at the
HomeBanc Corp. level as we continue to build the necessary competencies and
organizational structure required as a public real estate investment trust."
HomeBanc Mortgage Corp., a mortgage banking company that focuses on originating
purchase money residential mortgage loans in the southeast United States, is a
wholly owned subsidiary of HomeBanc Corp. For more information about HomeBanc
Mortgage Corp. or the company's mortgage products, contact HomeBanc at
http://www.homebanc.com/ .
This press release may include forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such forward-looking statements are based on information
presently available to management and are subject to various risks and
uncertainties, including, without limitation, those described in the Company's
SEC reports and filings under "Special Cautionary Notice Regarding Forward
Looking Statements" and "Risk Factors."
DATASOURCE: HomeBanc Corp.
CONTACT: Mark Scott, HomeBanc Corp., +1-404-459-7452, or
Web site: http://www.homebanc.com/