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Thursday, Apr 18, 2024

PennyMac Adds Insider to Board

PennyMac Financial Services Inc. has named Anne McCallion, the company’s chief enterprise operations officer, to its board of directors, the company announced Tuesday. McCallion joined the Westlake Village mortgage company’s management team in 2009. In her current job she is responsible for legal, regulatory relations, human resources, technology infrastructure and corporate administration. Previously, she was the company’s chief financial officer. Prior to joining PennyMac, McCallion worked at Deloitte, Countrywide and Bank of America. She also worked at the Financial Accounting Standards Board. “When we decided recently to expand our board, we found the best candidate from within our own rank,” PennyMac Executive Chairman Stanford Kurland said in a statement. “As we continue to grow and strengthen our market position, everyone associated with PennyMac will benefit from Anne’s business acumen, vast industry knowledge and strong leadership capabilities.” Shares of PennyMac (PFSI) closed Tuesday up 40 cents, or 1.7 percent, to $24.40 on the New York Stock Exchange.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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