yahoo.com
Jul 24, 2008
Thursday July 24, 5:55 am ET Thomas E. Prince Appointed Interim CEO to Succeed Daniel D. Rosenthal Michael D. Bozarth and Gary W. Brummett Appointed Chairman and Vice Chairman, Respectively, Following Retirement of Founder Maurice L. McAlister NEWPORT BEACH, Calif., July 24 /PRNewswire-FirstCall/ -- Downey Financial Corp. (NYSE: DSL - News ; "Downey" or "the Company") today announced that its Board of Directors has appointed Thomas E. Prince, 61, currently Downey's Executive Vice President and Chief Operating Officer, as the interim Chief Executive Officer of the Company and Downey Savings and Loan Association, F.A., effective immediately. Mr. Prince succeeds Daniel D. Rosenthal, 55, who has retired as CEO and Vice Chairman. Mr. Prince has also been appointed to the boards of both entities. The Company has initiated a search...
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