Firstfed Financial Corp., Santa Monica, Calif., has promoted James P. Giraldin to chief operating officer, effective Jan. 1.

Mr. Giraldin will also hold that title at the company's First Federal Bank of California; he has been chief financial officer of both since 1992.

He will succeed Babette E. Heimbuch, who is now president as well as chief operating officer. Ms. Heimbuch will trade the latter job for chief executive on Jan. 1, when William S. Mortensen retires as president.

Mr. Mortensen will remain chairman.

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