Walton Appoints Phil Ownbey as President

Date

Premier Tax Incentive Consultant Strengthens National Practice with Industry Expert Ocean, NJ February 17, 2014 — Walton, one of the longest-tenured independent tax and non-tax incentives consulting firm in the U.S., announced today the splitting of the President and CEO position, previously held by Fred Stiftel, and the appointment of Phil Ownbey as president. Mr. Ownbey brings extensive and relevant experience to Walton, having held strategic executive positions at tax credit and incentive firms. Fred Stiftel will retain the title of CEO.

Premier Tax Incentive Consultant Strengthens National Practice with Industry Expert

Ocean, NJ February 17, 2014 — Walton, one of the longest-tenured independent tax and non-tax incentives consulting firm in the U.S., announced today the splitting of the President and CEO position, previously held by Fred Stiftel, and the appointment of Phil Ownbey as president. Mr. Ownbey brings extensive and relevant experience to Walton, having held strategic executive positions at tax credit and incentive firms. Fred Stiftel will retain the title of CEO.

In his new role, Mr. Ownbey will leverage his +25 years in the tax credit consulting services industry to provide Walton with leadership and insight during this time of expansion and growth. Mr. Ownbey’s passion for growing companies through innovation uniquely positions him to have a deep understanding of the needs of Walton clients and the technological trends in the tax credit and incentive industry. Mr. Ownbey will be responsible for Walton’s strategies and relationships related to growth opportunities, innovation, client development, and services expansion.

“Phil’s significant experience in the tax credit and incentive industry, his successful leadership in technological innovations, and his keen sense of how to best serve our clients in every aspect of our business, will enable Walton to improve and expand services,” noted Mr. Stiftel.

Mr. Ownbey holds a Bachelor’s degree from the University of Virginia. As owner and president of the Alameda Company, he grew the company from a hiring-based incentives firm to a full-service tax credit and incentives provider. Most recently, Phil served as an executive for First Advantage, overseeing WOTC, client services, lobbying, and innovations.

To learn more about Walton and its incentive processing solution NetCentives ™, a web-based tax credit management solution, visit Walton.

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