First Nationwide Bank, the large but ailing thrift unit of Ford Motor Co., has reorganized its consumer operations and hired a seasoned California bank executive as its new finance chief.

The San Francisco-based thrift said Friday that Jack A. Frazee has been appointed to the new post of vice chairman in charge of finance and treasury operations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.