L.Stephen Smith is being promoted to president and chief operating officer of The PMI Group Inc., San Francisco, and its mortgage insurance subsidiaries as of Sept. 1. Currently he is executive vice president of marketing and field operations. Mr. Smith joined PMI in 1979 as a regional representative, and he was placed in charge of the marketing and field operations functions in 1994. PMI's chairman and chief executive, W. Roger Haughton, said Mr. Smith's new responsibilities "recognize his outstanding accomplishments at PMI, including our remarkable market share gains this year."
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