Items Tagged with 'non-executive chairman'


  • ResCap Nabs Capital Markets Vet from Wells Fargo

    Residential Capital, LLC -- the troubled mortgage arm of GMAC Financial Services -- said Monday that it had hired Thomas Neary as executive vice president and senior managing director of capital markets for the company. Neary will report directly to ResCap non-executive chairman Thomas Marano and ResCap CEO Jim Jones. "Tom is a great addition to the ResCap senior management team," said Marano. "His leadership and vision will allow us to leverage our core strengths to navigate the current market environment."
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  • New Century Co-Founder, Chairman Retires

    New Century Financial Corporation, a real estate investment trust (REIT) and one of the nation's largest subprime mortgage companies, announced today that Robert K. Cole will retire as Chairman of the Board and that Fredric J. Forster, Lead Independent Director, has been appointed to serve as Non-Executive Chairman of the Board effective January 1, 2007. Mr. Cole's employment term as Executive Chairman of the Board will expire on December 31, 2006; however, he will continue to serve as a member of the company's Board of Directors.
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