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ResCap Board Appointments Augment Company Leadership
12.05.08 - 22:36 ... source : GMAC Financial Services
... New Directors, Expanded Executive Committee Enhance Leadership NEW YORK (April 23, 2008) -- Residential Capital, LLC (ResCap), an indirect wholly owned subsidiary of GMAC Financial Services, today announced that Thomas Marano, former senior managing director and global head of Mortgage and Asset-Backed Securities at Bear Stearns & Co., Inc., has been appointed to serve as ResCap's non-executive chairman of the board of directors, succeeding former chairman Michael Rossi. As previously announced, Rossi resigned from the board effective March 17, 2008, due to medical reasons. In addition to joining the ResCap board, Marano has been appointed to the board's executive committee, where he will serve with ResCap's chief executive officer Jim Jones. In addition to the appointment of Marano, ResCap also announced the election to the board of Joshua Weintraub, formerly a senior managing director with ...» Next (HTML)
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