CALABASAS, Calif. - Countrywide Credit Industries Inc. promoted four managing directors to senior managing director.
Kevin W. Bartlett, Thomas H. Boone, Carlos M. Garcia, and David Sambol keep their former responsibilities and continue to report to Stanford Kurland, Countrywide's president and chief executive.
However, other managing directors and executive vice presidents who previously reported directly to Mr. Kurland or to Angelo Mozilo, the company's chairman, are now to report to one of the four senior managing directors.
Mr. Sambol, who previously oversaw capital markets, now runs all facets of production.
Greg Lumsden, managing director of originations; Marshall Gates, managing director of developing markets; Doug Jones, executive vice president of correspondent lending and warehouse lending; and Ron Kripalani, the new president of the capital markets unit, now report to Mr. Sambol.
"As Countrywide continues the transformation from its traditional role as a mortgage banker to a global provider of consumer and business-to-business financial services, our corporate structure must evolve to facilitate this dynamic process," Mr. Kurland said in a statement. The four new senior managing directors "are eminently qualified to lead the company through this transformation."