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Thursday, May 19, 2022

Executives Promoted at PennyMac Financial

PennyMac Financial Services Inc. announced Wednesday two promotions within its executive ranks, effective Jan. 1.Andrew Chang was promoted to chief operating officer of the Westlake Village mortgage lender. He had previously been chief financial officer.Daniel Perotti will become the new chief financial officer. Previously he had been deputy chief financial officer.In his new role, Chang will oversee the company’s finance division as well as responsibilities managing the marketing, human resources, information technology and corporate administration and regulatory relations. He will continue to report to David Spector, chief executive of PennyMac.Shares of PennyMac Financial (PFSI) closed up Friday down 60 cents, or slightly less than 1 percent, to $64.24 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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