CFC Promotes Kurland to Prez

Countrywide Financial Corp., Calabasas, Calif., has announced the promotion of Stanford L. Kurland to the position of CFC president.Mr. Kurland, who will retain the title of chief operating officer of CFC, had been serving as executive managing director of CFC and president of its subsidiary Countrywide Home Loans. David Sambol has been named president and chief operating officer of CHL. He will continue as executive managing director of mortgage banking and capital markets for CFC. In his role as president of CFC, Mr. Kurland will lead the development and execution of the company's strategic plans and will direct all corporate and subsidiary operations. He will also oversee the company's asset/liability and investment, hedging, and interest rate risk-management activities. Mr. Sambol is now responsible for Countrywide's domestic and international mortgage lending and servicing activities.