BENEFICIAL FINANCIAL Corp., Wilmington, Del., named Allen L. Wehrhahn president of its Beneficial Mortgage Corp. subsidiary. Mr. Wehrhahn will oversee Beneficial Mortgage's nationwide operations, including origination, sales, and servicing.
He was vice president for business development and acquisitions in the marketing and business development department of Beneficial Management Corp., another subsidiary.
Eugene J. Nicotra succeeded Mr. Wehrhahn as vice president for business development and acquisitions. Mr. Nicotra is responsible for developing acquisition volume, coordinating acquisitions activity, and building and executing marketing plans.