Dominion Resources promoted two executives in its mortgage units.

Saxon Mortgage Inc., the home equity subsidiary of Dominion Capital Inc., elected Michael Sawyer president.

Mr. Sawyer, 42, a four-year Saxon veteran, succeeds Charles E. Coudriet, who was elected vice chairman of Saxon Mortgage's holding company.

Mr. Coudriet, 52, is to oversee Meritech Mortgage Services Inc., the company's mortgage servicing business. He will also handle Dominion Capital's overall credit policies, exposure, and risk management.

Dominion Resources is an $18 billion company active in lending, electric power, and natural gas.

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