Following several recent executive departures, another senior GMAC executive has jumped ship.
That executive is Anthony Renzi.
Renzi had been with the company for 24 years was appointed to chief operating officer of Residential Capital LLC in 2008.
In a news release today, Freddie Mac said Renzi will come on board on April 19 as executive vice president of single-family portfolio management — a newly created position.
In his new job, Renzi will report to Freddie Mack Chief Operating Officer Bruce Witherell. He’ll be responsible for minimizing losses on the government-controlled enterprise’s $1.8 trillion single-family guaranteed portfolio. He will also manage relationships with servicers and the implementation of foreclosure avoidance efforts.
“Having our operational and strategic resources aligned under a single, senior executive is critical to achieving our goals,” Witherell said in the statement.
Renzi earned an MBA in Finance from Philadelphia University. He also earned a B.A. in Business Administration from Holy Family University in Philadelphia, Pa., according to Freddie.
Renzi’s departure from GMAC comes on the heels of several other executive departures.
On Tuesday, GMAC announced the resignation of John Vella, its executive vice president of portfolio servicing strategies. In a filing a day earlier with the Securities and Exchange Commission, it was disclosed that the president and head of global automotive services business, William Muir, will retire.
A March filing with the SEC indicated that GMAC Financial Services Chief Financial Officer Robert S. Hull would leave by the end of the month. Prior to that, GMAC confirmed the loss of its director of bulk acquisitions, Bill Petersohn.
In January, Level One Bank said it recruited former GMAC group vice president David C. Walker as its chief financial officer.
