DSNews Alan Jaffa Named CEO of Safeguard Properties
Safeguard Names Alan Jaffa CEO, Robert Klein Assumes Chairman Role
Safeguard Properties announced Tuesday that Alan Jaffa has assumed the role of the company?s chief executive officer. Founder and principal Robert Klein, who formerly served in the CEO capacity, is transitioning to chairman of the board, effective immediately.
In announcing Jaffa?s new position, Klein said, ?Alan has been directly responsible for managing the operations and leading the positive change within the organization for some time now and has been influential in Safeguard?s growth. As we prepare for the 20th anniversary of our founding in May, it is important to formalize Alan?s role as CEO to reflect the leadership he has already earned and demonstrated.?
Klein noted that under Jaffa?s leadership, Safeguard will continue as a privately held family enterprise and will remain so for generations to come.
Since joining Safeguard in 1995, Jaffa has been instrumental in driving the company?s growth as he moved up through key positions within the organization. In 1999, Jaffa was appointed VP of the company and promoted to COO in 2002. Since Jaffa assumed the role of chief operating officer, Safeguard?s revenues have grown in excess of 500 percent and staff has grown to more than 800 employees.
As chairman of the board, Klein will continue to represent Safeguard as an industry advocate for clients through his involvement with the industry, investors/insurers, the Mortgage Bankers Association (MBA), and other industry trade organizations. He also will lead strategic growth initiatives within the company.
?Robert set a great course, building Safeguard into an industry leader and will continue to drive initiatives that create industry collaboration,? said Jaffa. ?We have a strong management team and the most qualified staff in the industry, and we will continue to build upon the great work of the team we have in place to help Safeguard?s clients meet the challenges ahead that face our industry.?
Headquartered in Valley View, Ohio, Safeguard Properties is the largest privately held mortgage field services company in the United States. The company inspects and maintains defaulted and foreclosed properties for mortgage servicers, banks, and other financial institutions.
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Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.