PSM Holdings Inc., the Oklahoma City-based parent of Prime Source Mortgage Inc., has promoted Kevin Gadawski to president and chief executive, replacing Ron Hanna who has resigned.
Hanna has also resigned from PSM’s board. He will continue to work as a strategic advisor to the company, specifically as it comes to identifying and implementing certain growth initiatives, a PSM press release said.
Michael Margolies, CEO of Littlebanc Advisors, added, “Undoubtedly PSM would not be where it is today without Ron’s vision. Ron is largely responsible for the public company, the current operating units and the cohesion and capital structure that exist today. He is a consummate operator and financier and we look forward to a continued relationship as a key strategic adviser to both the field and the board of directors.”
Gadawski until now had been PSM’s chief operating officer and chief financial officer.
