Larry Goldstone, president and chief operating officer of Thornburg Mortgage Inc., has been promoted to president and chief executive officer.Garrett Thornburg, previously chairman and CEO of Thornburg Mortgage, will remain chairman of the board and continue to be actively involved in the company, Thornburg Mortgage said. Before co-founding Thornburg Mortgage, the 53-year-old Mr. Goldstone was senior vice president and treasurer of Downey Savings and Loan. He previously held a variety of positions at Great American Bank, including senior vice president. Thornburg Mortgage, a real estate investment trust that focuses mainly on the jumbo segment of the adjustable-rate mortgage market, can be found online at http://www.thornburg.com.
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