Sambol to Head BoA/Countrywide Mortgage Biz

David Sambol, currently president and chief operating officer of Countrywide Financial Corp., Calabasas, Calif., has been chosen to lead the combined consumer mortgage business of Countrywide and Bank of America, Charlotte, N.C. When the deal is completed (projected to be in the third quarter), Mr. Sambol will report to Bruce Hammonds, who will move into the new role of global consumer credit executive; he is currently BoA's card services executive. Mr. Hammonds will be in charge of all consumer credit products, including mortgages. Floyd Robinson, president of BoA consumer real estate, will continue to lead BoA consumer real estate and insurance services until the transaction closes. Meanwhile, he and Mr. Sambol will work with Mr. Hammonds on integration activities. Liam McGee will remain as BoA global consumer and small business banking president, overseeing Mr. Hammonds.