Luminent Mortgage Capital announced that Christopher J. Zyda resigned as its senior vice president, chief financial officer and corporate secretary effective December 31, 2007. Mr. Zyda resigned because the company is consolidating its business operations in Philadelphia, Pennsylvania and the closure of its San Francisco, California office effective December 31, 2007.
Mr. Zyda determined not to accept the company’s offer to relocate to Philadelphia. Karen Chang, who is currently the company’s vice president and controller, will serve as the company’s senior vice president and chief financial officer commencing January 1, 2008. Ms. Chang began her service as the company’s vice president and controller shortly before the company’s initial public offering in 2003. Her key responsibilities include internal and external financial reporting, implementing accounting standards and establishing policies and procedures.-PR Newswire
