New Century President to Assume COO Duties
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Irvine mortgage lender New Century Financial Corp. named Brad A. Morrice, its vice chairman and president, to the additional post of chief operating officer. In a press release Friday, the company said Morrice, currently co-chief executive of its mortgage unit, also will become the unit’s sole chief executive, following the departure of Steve Holder. Holder also was vice chairman, chief operating officer and a director of the company.
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