Countrywide Exec Joins On-Line Lender
SAN RAMON, Calif. - FiNet.com Inc. on Wednesday named a Countrywide Credit Industries executive, Rick Cossano, president and chief executive officer.A 20-year veteran of the mortgage industry, Mr. Cossano, 43 will succeed Mark L. Korell, who late last year announced plans to retire on Jan. 15. Stephen J. Sogin, 55, a member of FiNet.com's board of directors, will continue as interim CEO until Feb. 1.
Mr. Cossano, who will also sit on FiNet's board, joins the Internet company after a 12-year stint with Countrywide Home Loans, where he was executive vice president to both the wholesale lending and consumer markets divisions.
President of Ore. Debt Specialist Resigns
PORTLAND, Ore. - Phil Vincent, president and chief operating officer of Wilshire Financial Services Group Inc., has reigned.He was also chief executive officer of Wilshire Credit Corp., the company's servicing subsidiary.
Mr. Vincent, 45, is leaving the company to pursue "personal interests," the specialist in troubled real estate debt said Tuesday.
Stephen Glennon, chief executive officer of the parent company, will assume Mr. Vincent's responsibilities. Jay Memmott, president of the servicing unit, will handle Mr. Vincent's duties at the subsidiary.
Wilshire filed a bankruptcy petition in March and then ousted its founder, Andrew Weiderhorn.
