Thornburg Names New CFO

Clarence (Clay) G. Simmons III has been named senior executive vice president and chief financial officer of Thornburg Mortgage, Santa Fe, N.M.Mr. Simmons, whose appointment as CFO will take effect April 29, replaces the retiring Richard Story, the company said. Mr. Simmons was most recently a managing director at Countrywide Financial Corp., where he was a founder of CFC's bank subsidiary, Treasury Bank NA. Mr. Story was Thornburg's CFO for 12 years of his more than 30 years in the financial services industry, Thornburg said. He will continue to provide counsel to the company as a member of a newly formed advisory board. Thornburg, a single-family residential mortgage lender and real estate investment trust, can be found online at http://www.thornburgmortgage.com.