Norwest Promotes Mortgage Unit's CEO to a Corporate Role

Norwest Corp. has promoted Mark Oman to executive vice president of the parent company and chairman of Norwest Mortgage Inc.

Mr. Oman, previously president and chief executive officer of Des Moines-based Norwest Mortgage, will assume his new role April 1. He will be in charge of developing cross-selling strategies for bank and mortgage customers in Iowa.

Mark L. Korell, president of Norwest Mortgage's lender and investor services group, will take over for Mr. Oman as president and CEO of Norwest Mortgage. He will continue to report to Mr. Oman.

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