PennyMac Promotes New Executive Officers

PennyMac Mortgage Investment Trust promoted Andrew S. Chang to the new role of senior managing director and chief operating officer. The company also promoted Daniel S. Perotti to the role of senior managing director and chief operating officer.

Chang previously served as the company's chief financial officer and Perotti currently serves as deputy chief financial officer, according to a press release.

"In conjunction with the same organizational changes taking place at PFSI, I am pleased to announce these promotions for Andy and Dan which reflect the continued evolution of our organizational structure to ensure PMT’s long-term success," said David A. Spector, president and chief executive officer. "I look forward to continue leading PMT, with a deep senior management team that includes Doug Jones, Andy Chang and Vandy Fartaj, as we remain focused on pursuing attractive investments that leverage PFSI’s unique capabilities and delivering strong risk-adjusted returns to shareholders."