Compass Point Reiterates Buy on Stonegate Mortgage (SGM) Following Announced CEO Resignation
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Stonegate Mortgage Corporation Announces the Appointment of Richard A. Kraemer as CEO and James V. Smith as President and COO
August 31, 2015 8:30 AM EDTINDIANAPOLIS--(BUSINESS WIRE)-- Stonegate Mortgage Corporation (NYSE: SGM), a leading, publicly-traded non-bank mortgage company announced today Richard A. Kraemer, has been named Interim CEO of the company. Mr. Kraemer is replacing Jim Cutillo, who has resigned from the company effective September 10, 2015. Mr. Cutillo will be assisting Stonegate as a consultant to facilitate his transition from the company over the next six months. Mr. Kraemer will retain his position as Chairman of the Board.
With over 35 years of experience in financial services and mortgage banking, Mr. Kraemer will be overseeing the day-to-day... More
