Bruce Paradis

Mr. Paradis, chief executive of Residential Capital Corp., will retire on June 1. He will be replaced by Jim Jones, who currently serves as the firm's chief operating officer and president. ResCap is the parent company of mortgage giant GMAC Residential, GMAC-RFC and other affiliates. Mr. Paradis, 58, helped create the holding company two years ago. He has worked for GMAC and its affiliates for 24 years.

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