Brad A. Morrice named New Century CEOMortgagePress.comNew Century Financial Corporation
New Century Financial Corporation has announced that Brad A.
Morrice, current vice chairman, president and chief operating
officer (COO), will become New Century CEO, effective July 1, 2006.
Robert K. Cole, chairman of the board and current CEO, will
continue to serve as executive chairman of the board.
Morrice, one of the founders of New Century Financial
Corporation, has been president since the inception of the company
and has served as COO since 2001. From February 1994 to March 1995,
he was the president and COO of administration of Plaza Home
Mortgage, after serving as its executive vice president and chief
administrative officer since February 1993. In addition, he served
as general counsel and a director of Option One Mortgage. From
August 1990 to January 1993, Morrice was a partner in the law firm
of King, Purtich & Morrice, where he specialized in the legal
representation of mortgage banking companies. He previously
practiced law at the firms of Fried, King, Holmes & August and
Manatt, Phelps & Phillips. He received his JD from the
University of California, Berkeley (Boalt Hall) and holds an MBA
from Stanford University.
For more information, visit www.ncen.com.