Franklin Credit Names Prez/CEO

Jeffrey R. Johnson has been named president and chief executive officer of Franklin Credit Management Corp., a New York-based company that buys, manages, and sells subprime residential mortgage assets.Mr. Johnson was previously the founding president and chief executive officer of GMAC Bank, a subsidiary of General Motors Corp. He was also president and CEO of Equifax Secure, a subsidiary of the credit and financial information provider Equifax. Franklin Credit can be found on the Web at http://www.franklincredit.com.