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Non-Tech : Signature Group Holdings
ELLH 15.000.0%Oct 28 3:26 PM EST
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From: Carey Thompson12/22/2007 4:14:14 PM
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FMT's stock reacts to the following news by zooming up over 40%. This is FMT's new management team like it or not.

Fremont General Corporation (the "Company") (NYSE: FMT - News), doing business primarily through its wholly-owned industrial bank, Fremont Investment & Loan (the "Bank") announced today that the Federal Deposit Insurance Corporation and the California Department of Financial Institutions did not object to the appointments of the Company's new executive management team to the following positions at the Bank: Stephen H. Gordon as Chairman and Chief Executive Officer, David S. DePillo as Vice-Chairman and President, Richard A. Sanchez as Executive Vice President and Chief Administrative Officer, Thea K. Stuedli as Executive Vice President and Chief Financial Officer and Donald E. Royer as Executive Vice President and General Counsel. All approvals are effective.

Additionally, the Company announced today that Ronald J. Nicolas, Jr. has been appointed as Executive Vice President and Director of Corporate Development for both the Company and the Bank. Mr. Nicolas was formerly the Company's Senior Vice President, Treasurer, Chief Financial Officer and Chief Accounting Officer as well as Executive Vice President and Chief Financial Officer of the Bank.
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