Stonegate CEO Jim Cutillo abruptly leaves company

Now if you throw greedy execs into the mix, you get turmoil such as Enron and Martha, etc. The golden parachutes these top people get when they leave a company are immoral but they are approved by you.

for immediate release stonegate mortgage corporation announces the appointment of richard a. kraemer as ceo and james v. smith as president and. | september 1, 2015

It’s been a year and a half since Stonegate’s founder and former ceo jim cutillo abruptly announced he was leaving the company. What does it mean? Well, it won’t be the last big company news of.

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Stonegate mortgage (nyse: sgm) announced that Richard A. Kraemer, has been named Interim CEO of the company. Mr. Kraemer is replacing Jim Cutillo, who has resigned from the company effective.

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After Stonegate Mortgage announced the resignation of CEO Jim Cutillo and named Richard Kraemer as interim CEO and hired James Smith to act as COO, FBR analyst Paul Miller said the management changes leave the company with two possible courses of action: to either hire a replacement CEO quickly or to pursue acquirers.

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Stonegate Mortgage named James Smith as its CEO and president effective immediately after the position was abruptly left vacant last september. stonegate founder and former CEO Jim Cutillo.

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Home Point Financial Corp. announced a definitive agreement to acquire Stonegate Mortgage Corp. in an all-cash transaction valued at approximately $211 million. While the transaction is subject to certain customary closing conditions, including, among other things, approval by Stonegate Mortgage’s stockholders and regulatory approvals, it is expected to close by the end of the second quarter.

Housing Wire – “Stonegate CEO Jim Cutillo abruptly leaves company” (8-31-15) “Stonegate Mortgage Founder and CEO Jim Cutillo announced he is abruptly leaving the company effective Sept. 10, 2015, serving only as a consultant over the next six months to facilitate his transition.”

Stonegate Mortgage Corp., an Indianapolis-based publicly traded mortgage company focused on originating, financing and servicing residential mortgage loans, has appointed Richard A. Kraemer as interim CEO, effective Sept. 10, and James V. Smith as president and chief operating officer (COO), effective Sept. 3, as company founder and CEO Jim Cutillo has announced his resignation.