Downey Names New Prez/CEO

Published January 26, 2004, 3:00 p.m. EST

1 Min Read

Marangal "Marito" Domingo has been named president and chief executive officer of Downey Financial Corp., Newport Beach, Calif., and Downey Savings and Loan Association.He will assume the new posts on Feb. 2, replacing Daniel D. Rosenthal. Mr. Rosenthal will remain on Downey's board of directors and will be president of DSL Service Co., Downey's real estate development subsidiary, Downey said. Mr. Domingo was most recently executive vice president in charge of capital markets for Washington Mutual's Home Loans and Insurance Services Group, and his previous positions included stints as senior vice president and treasurer at both WaMu and American Savings (before the latter was acquired by WaMu). Downey can be found online at http://www.downeysavings.com.

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