{"id":454125,"date":"2021-03-09T16:04:22","date_gmt":"2021-03-09T21:04:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454125"},"modified":"2021-03-09T16:04:22","modified_gmt":"2021-03-09T21:04:22","slug":"heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\/","title":{"rendered":"Heritage Global Announces Appointment of David Ludwig to Board of Directors"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Heritage Global Announces Appointment of David Ludwig to Board of Directors<\/b><\/p>\n<p>SAN DIEGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nHeritage Global Inc. (NASDAQ: HGBL) (\u201cHeritage Global,\u201d \u201cHGI\u201d or \u201cthe Company\u201d), an asset services company specializing in financial and industrial asset transactions, today announced that David Ludwig, President of the Company\u2019s Financial Asset Division, has been elected to its Board of Directors. Mr. Ludwig\u2019s appointment fills the vacancy created with the recent resignation of Allan C. Silber from the Board of Directors.\n<\/p>\n<p>\nDave Ludwig is the President of Heritage Global\u2019s Financial Asset division which comprises the Company\u2019s National Loan Exchange (NLEX) and Heritage Global Capital subsidiaries. He joined Heritage Global in 2014, with the Company\u2019s acquisition of NLEX\u2122, which he developed from its start as a post-Resolution Trust Corporation (RTC) sales outlet to the nation\u2019s leading broker of charged-off credit card and consumer debt accounts. With more than 25 years of experience in the financial industry, he is considered a leading pioneer in the debt sales industry, and has been a featured speaker at many industry conferences. He has also been quoted in numerous publications including the New York Times, LA Times, Collections and Credit Risk, Collector Magazine, and serves as consultant and expert witness within the industry. Since introducing NLEX\u2122 to financial institutions in the early 1990\u2019s, Dave has supervised the sale of over 5,000 portfolios with face value of $150 billion. He holds a Bachelor of Science Degree in Economics from the University of Illinois.\n<\/p>\n<p>\nHeritage Global\u2019s Chief Executive Officer Ross Dove commented, \u201cA quarter century ago, with the savings and loan crisis coming to an end, I asked Dave how we could keep selling loans \u2013 and NLEX was born. During the ensuing 25 years, Dave lead NLEX to prominence in the industry and now leads our Company\u2019s financial assets business. Over the many years we\u2019ve worked together, Dave has proven himself to be a knowledgeable and trusted advisor, and I join with the other Directors in welcoming him to our Board, where I\u2019m confident his leadership experience and industry expertise will provide invaluable contributions as we move forward with our growth strategy.\u201d\n<\/p>\n<p><b>About Heritage Global Inc. (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.heritageglobalinc.com&amp;esheet=52393269&amp;newsitemid=20210309005895&amp;lan=en-US&amp;anchor=www.heritageglobalinc.com&amp;index=1&amp;md5=060849f2b55a4b53683ec9eac31ff6fe\">www.heritageglobalinc.com<\/a>)<\/b><\/p>\n<p>\nHeritage Global Inc. (NASDAQ: HGBL) is an asset services company specializing in financial and industrial asset transactions. The company provides a full suite of services including market making, acquisitions, dispositions, valuations and secured lending. Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets across twenty-eight global sectors. The company acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business enterprises.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. While the Company believes the forward-looking statements contained in this communication are accurate, these forward-looking statements represent the Company\u2019s beliefs only as of the date of this communication, and there are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies, and interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company\u2019s control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210309005895r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210309005895\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210309005895\/en\/<\/a><\/span><\/p>\n<p><b>Company Contact:<br \/>\n<\/b><br \/>Scott West<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>Heritage Global Inc.<br \/>\n<br \/>858\/847-0656\n<\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>John Nesbett\/Jennifer Belodeau<br \/>\n<br \/>IMS Investor Relations<br \/>\n<br \/>203\/972.9200<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:InvestorRelations@hginc.com\">InvestorRelations@hginc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Consulting Banking Professional Services Other Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Heritage Global Announces Appointment of David Ludwig to Board of Directors SAN DIEGO&#8211;(BUSINESS WIRE)&#8211; Heritage Global Inc. (NASDAQ: HGBL) (\u201cHeritage Global,\u201d \u201cHGI\u201d or \u201cthe Company\u201d), an asset services company specializing in financial and industrial asset transactions, today announced that David Ludwig, President of the Company\u2019s Financial Asset Division, has been elected to its Board of Directors. Mr. Ludwig\u2019s appointment fills the vacancy created with the recent resignation of Allan C. Silber from the Board of Directors. Dave Ludwig is the President of Heritage Global\u2019s Financial Asset division which comprises the Company\u2019s National Loan Exchange (NLEX) and Heritage Global Capital subsidiaries. He joined Heritage Global in 2014, with the Company\u2019s acquisition of NLEX\u2122, which he developed from its start as a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Heritage Global Announces Appointment of David Ludwig to Board of Directors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-454125","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Heritage Global Announces Appointment of David Ludwig to Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heritage Global Announces Appointment of David Ludwig to Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Heritage Global Announces Appointment of David Ludwig to Board of Directors SAN DIEGO&#8211;(BUSINESS WIRE)&#8211; Heritage Global Inc. (NASDAQ: HGBL) (\u201cHeritage Global,\u201d \u201cHGI\u201d or \u201cthe Company\u201d), an asset services company specializing in financial and industrial asset transactions, today announced that David Ludwig, President of the Company\u2019s Financial Asset Division, has been elected to its Board of Directors. Mr. Ludwig\u2019s appointment fills the vacancy created with the recent resignation of Allan C. Silber from the Board of Directors. Dave Ludwig is the President of Heritage Global\u2019s Financial Asset division which comprises the Company\u2019s National Loan Exchange (NLEX) and Heritage Global Capital subsidiaries. He joined Heritage Global in 2014, with the Company\u2019s acquisition of NLEX\u2122, which he developed from its start as a &hellip; Continue reading &quot;Heritage Global Announces Appointment of David Ludwig to Board of Directors&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T21:04:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210309005895r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Heritage Global Announces Appointment of David Ludwig to Board of Directors\",\"datePublished\":\"2021-03-09T21:04:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\\\/\"},\"wordCount\":721,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210309005895r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-announces-appointment-of-david-ludwig-to-board-of-directors\\\/\",\"name\":\"Heritage Global Announces Appointment of David Ludwig to Board of Directors - 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(NASDAQ: HGBL) (\u201cHeritage Global,\u201d \u201cHGI\u201d or \u201cthe Company\u201d), an asset services company specializing in financial and industrial asset transactions, today announced that David Ludwig, President of the Company\u2019s Financial Asset Division, has been elected to its Board of Directors. Mr. Ludwig\u2019s appointment fills the vacancy created with the recent resignation of Allan C. Silber from the Board of Directors. Dave Ludwig is the President of Heritage Global\u2019s Financial Asset division which comprises the Company\u2019s National Loan Exchange (NLEX) and Heritage Global Capital subsidiaries. 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