Fremont Names New CEO, Prez, EVPs

Fremont General Corp., Santa Monica, Calif., has put in place a new executive management team in the wake of the failure of a deal involving an investment in the company by Gerald J. Ford.The new chairman and chief executive is Stephen H. Gordon, the former chairman and chief executive of Commercial Capital Bancorp Inc., Irvine, Calif., until its sale to Washington Mutual Inc. in October 2006. Several other former CCBI executives are joining Fremont, including David S. DePillo, vice chairman and president; Richard A. Sanchez, executive vice president and chief administrative officer; Thea Stuedli, EVP and chief financial officer; and Donald E. Royer, EVP and general counsel. Mr. Gordon is the chairman and chief executive of Vitruvian Group LP, which in turn is the general partner of Vitruvian Financial Partners LP. The latter will focus on investing in regulated financial institutions in need of capital. Mr. DePillo developed the multifamily and commercial real estate lending platforms at CCBI and is the former vice president and director of multifamily banking at Home Savings of America. Mr. Sanchez is a former deputy regional director for the Office of Thrift Supervision. Fremont can be found online at http://www.fremontgeneral.com.