Executives Flee Sale-Bound Pru Unit; Citi Hires One as Production Chief

Two high-ranking executives are leaving Prudential Insurance Corp. of America's mortgage unit, which is being sold.

Citicorp has hired Richard G. Thornberry to head production at its mortgage unit. Mr. Thornberry is currently a managing director at Residential Services Corp. of America, Prudential's diverse mortgage company.

At Prudential, Mr. Thornberry was responsible for Residential's client services group, which includes retail and wholesale loan production, servicing, and home equity insurance products. He was also chief financial officer. He joined the company in 1987.

Jack Martin, a managing director, is leaving his position as head of technology and chairman and chief executive of residential information services at Pru to be chief information officer and head of operations at Citizens Financial Group, Providence, R.I.

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