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SMALL BUSINESS
Redwood Trust names Diane L. Merdian as CFO
AP
MILL VALLEY, Calif. -Redwood Trust Inc., a real estate investment trust, said Monday Diane L. Merdian has been named chief financial officer, effective in March.
Martin S. Hughes, who currently serves as president, co-chief operating officer, and chief financial officer, will serve as CFO until March. Hughes will continue to serve as president and co-chief operating officer thereafter.
Separately, Jeffrey T. Pero has been elected to the board of directors. Merdian has resigned from her position as a board member.
Merdian previously worked as an equity research analyst focused on the banking sector. She also worked as bank strategist and senior bank research analyst of Keefe, Bruyette & Woods, where she was a managing director.
Shares rose 39 cents, or 2.8 percent, to $14.10, in afternoon trading.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-16 14:00:04
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