Accredited Names New CIO.SAN DIEGO -- Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Home Lenders Holding Co. (Nasdaq:LEND), a national non-prime residential mortgage lender based here, today named Larry Murphy as its chief information officer. He will report to Joseph Lydon, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Mr. Murphy fills the vacancy created by the departure of James Pathman. Mr. Murphy, 63, was a private consultant in the financial services and technology sector in San Diego before joining Accredited. Previously, he was executive vice president of strategic planning for CoorsTek Incorporated, a Golden, CO-based ceramics manufacturer. Before that, Mr. Murphy served as Pacific Region banking director for Accenture Consulting. His more than 30 years of experience in the financial services industry included stints as chief of operations and technology at Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. , as well as president and chief executive officer of Security Pacific Information Services See Information Systems. , a division of Security Pacific Corporation (since merged into Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ). Before entering the private sector, Mr. Murphy was a Captain in the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with . He earned a B.S. in mathematics from Auburn University and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from National University. In connection with Mr. Murphy joining Accredited and as an inducement to his employment, he will receive two awards of restricted shares of the common stock of the company (LEND) equal to $250,000 each based on today's closing price, for an aggregate value of $500,000. The shares are subject to vesting based on continued employment and will be fully vested by May 29, 2008. About Accredited Home Lenders Accredited Home Lenders Holding Co. is a nationwide mortgage banking company that originates, finances, securitizes, services, and sells non-prime mortgage loans secured by residential real estate. Founded in 1990, the company is headquartered in San Diego, CA. Additional information may be found at www.accredhome.com. |
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