Countrywide Financial Corp. has a new chief financial officer.
The Calabasas, Calif.-based lender announced Monday it named Eric P. Sieracki as the new CFO and executive managing director, effective April 1.
Thomas McLaughlin, who served as Countrywide's CFO since 2001, has elected to step down from the role to focus on personal interests and has agreed to remain with the company in advisory capacity, according to the announcement.
Sieracki, most recently the company's senior managing director of corporate development and investor relations, has 17 years' experience in various executive financial position within Countrywide. As CFO, he will be in charge of Countrywide's major financial management departments.
"Eric provides an unmatched combination of experience, integrity, intellect, technical knowledge and stature within the financial community, all of which are necessary qualities in today's increasingly complex accounting and financial environment," said company chief executive Angelo Mozilo in the prepared statement.