Timothy Chrisman has been named chairman of Hawthorne Financial Corp., El Segundo, Calif., and of its wholly owned subsidiary, Hawthorne Savings.

He succeeds Richard Giles, who resigned as chairman and a director.

Mr. Chrisman, initially elected as a director of the company, is chief executive officer of Chrisman & Co., Los Angeles, an executive search firm that places senior and middle-level executives with financial institutions.

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