New Residential Investment Corp (NRZ) Chief Executive officer Mr. Michael Nierenberg has been a successful entrepreneur. At the age of 55, Nierenberg has achieved a lot as a business person. He has been an excellent leader, whether as a manager, a director or CEO in various companies that he has worked.
Michael Nierenberg is knowledgeable on various qualities that a manager or leader in any entrepreneurial position should possess. He got this knowledge by working with different firms in the top-most positions. Nierenberg has been demonstrating his expertise in entrepreneurship, as every company that he works for increases production during his tenure. For this reason, he has won several leadership positions in the business firms he has worked in.
Michael Nierenberg’s job experience
After graduating from the University of Pennsylvania, Nierenberg started his career journey by working with Lehman Brothers Company. Worked here for seven years and later joined Bear Stearns Mortgage Company where he worked for 14 years. Due to his effort in making the mortgage business succeed while he held various leadership positions in Bear Stearns, Nierenberg was appointed as the Board of Directors in Bear Stearns Company from 2006 to 2008.
Nierenberg joined JP Morgan Group as the head of Global Securitized products after resigning from Bear Stearns. In 2008, he was appointed as the head of Global Mortgages and Securitized Products in Bank of America Merrill Lynch due to his expertise in leadership positions. He was also the head of sales and trading activities in the bank.
Michael Nierenberg’s ambition to become a prominent entrepreneur pushed him to seek a higher position. He is now the managing director of Fortress Company and the CEO and the president of New Residential.
In all the various companies that Michael Nierenberg was working, he won different leadership positions due to his expertise in entrepreneurial skills. He has been heading various departments successfully, taking the companies and firms to higher levels.
Currently, Mr. Nierenberg’s net worth is over 41.9 million dollars. He owns stock worth about $41,908,351 in New Residential Investment. Mr. Nierenberg also makes billions of dollars as the President and Chairman of the board of New Residential Investment.
His expertise, knowledge, experience and net worth show that Michael Nierenberg should serve as a President and director.