Co-CEO Takes Over at Financial Freedom

Michelle Minier, an 11-year veteran of IndyMac Bank, has assumed full duties as chief executive officer at the bank's reverse mortgage subsidiary, Financial Freedom Senior Funding Corp., Irvine, Calif., as part of a management succession plan announced in July 2006.Since then, Ms. Minier has been sharing co-CEO responsibilities with Jim Mahoney, who will stay on as chairman of the board. Before joining Financial Freedom, Ms. Minier served as executive vice president in charge of Central Mortgage Operations and continues to be a member of IndyMac Bank's Executive Committee, IndyMac said. She was previously assistant controller, president of warehouse lending, and executive vice president and president of business-to-business lending at the company.