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BANKING EXECUTIVE NAMED CHIEF FINANCIAL OFFICER AT SANTA MONICA-BASED KENNEDY-WILSON INC.

 BANKING EXECUTIVE NAMED CHIEF FINANCIAL OFFICER
 AT SANTA MONICA-BASED KENNEDY-WILSON INC.
 SANTA MONICA, Calif., Oct. 6 /PRNewswire/ -- Kennedy-Wilson Inc. (NASDAQ: KWIC), one of the nation's leading real estate auction- marketing firms, has named bank executive Nancy D. Celick as its new chief financial officer, announced Bill McMorrow, chairman and chief executive officer.
 Celick, currently executive vice president and chief financial officer for First National Corp. and First National Bank, a San Diego-based financial institution, will assume her new responsibilities at Kennedy-Wilson on Nov. 1. Celick will replace William K. McKay who resigned to pursue other business interests. McKay will continue to consult with the auction-marketing firm for the next three months.
 "Nancy's skills and experience will be invaluable to Kennedy- Wilson as we move into a new period of growth and expansion," said McMorrow. "She brings with her an extensive background in investor relations, strategic planning and tax and regulatory reporting -- all vital requirements for a publicly owned company."
 As chief financial officer of First National Corp., Celick was responsible for a $500 million commercial bank and a $4 billion mortgage servicing operation. Her duties included financial and regulatory reporting, securities portfolio management, internal auditing, accounting policy development and implementation and long- range planning.
 Prior to joining First National Corp. in 1984, Celick was an audit manager in the financial services division of Arthur Andersen & Co. in Los Angeles.
 A member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants, Celick also is a director of the San Diego Foundation for Performing Arts. She graduated from San Diego State University where she received a bachelor of science degree in accounting.
 A pioneer in the field of real estate auction-marketing, Kennedy- Wilson Inc. has sold in excess of $2 billion of residential, resort, and commercial real estate since its founding in 1977. In addition to its Santa Monica headquarters, the firm has offices in London, Boston, New York, Washington, D.C., Chicago, Dallas, Houston, Phoenix, San Diego, Palm Springs, Calif., San Francisco, and Orange County, Calif.
 -0- 10/6/92
 /CONTACT: Sydney Knott of Casey & Sayre, 310-457-3676, for Kennedy-Wilson/
 (KWIC) CO: Kennedy-Wilson Inc. ST: California IN: FIN SU: PER


KJ-LS -- LA006 -- 6910 10/06/92 08:45 EDT
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Publication:PR Newswire
Date:Oct 6, 1992
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