Ralene Ruyle, EMC Mortgage Corporation's Chairman and CEO Announces Retirement.LEWISVILLE, Texas Lewisville is a city in Denton County and Dallas County, Texas (USA). As of the 2000 census the city had a total population of 77,737. With strong population growth continuing into the new millennium, the U.S. Census Bureau gives a 2006 population estimate of 94,589. -- Ralene Ruyle, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Mortgage Corporation and Senior Managing Director of Bear, Stearns & Co. Inc., today announced that effective immediately, she will transition out of a day-to-day role in the company and will officially retire from the organization at the end of May 2007. "Our company leadership has never been stronger, and EMC is well-positioned for continued success in the coming years," Ms. Ruyle said. "With the company in such good hands, I am comfortable that this is the right time for me to begin an orderly transition of responsibilities. I am particularly grateful for the hard work and dedication of all of our employees," Ms. Ruyle said. "Ralene has been a tremendous asset to EMC from the beginning, and quite obviously, was a driving force in contributing to the remarkable growth and success of this company," John Vella John Vella (born April 21, 1950 in Cleveland, Ohio) is a former offensive tackle who played for the Oakland Raiders of the National Football League between 1972 and 1979. Professional career His final year in the league, 1980, was spent with the Minnesota Vikings. , President and COO of EMC Mortgage Corporation, said. "To help build a company the size of ours from the ground up is truly a remarkable accomplishment. She has served EMC with distinction, and we will miss her." Ms. Ruyle was hired by Bear Stearns in 1987 and started EMC Mortgage Corporation in 1990 working from a small office in Irving, Texas with a staff of three employees. In 2002, she was named President and CEO of EMC Mortgage Corporation. Now, EMC has grown to a staff of 1,800 with a loan count of more than 470,000 with total loan balances of nearly $68 billion. Ms. Ruyle served as Chairman of the Fidelity Advisory Board, Chairman for the MBA/Loan Administration Committee, member of the USFN USFN United States Foreclosure Network Advisory Board and member of the Board of Directors of the Greater Dallas Chapter of the American Red Cross American Red Cross: see Red Cross. . EMC Mortgage Corporation is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Bear Stearns Companies Inc. with offices in the Dallas-Fort Worth metroplex, Irving and Lewisville, Texas. EMC is a mortgage banking company that specializes in the acquisition, servicing and disposition of residential mortgage loans. |
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