On November 13, 2008, the board of directors of Washington Mutual appointed Robert J. Williams, Jr. as president of the company. Mr. Williams, age 49, served as senior vice president and corporate treasurer of Washington Mutual Bank from February 2005 until his appointment as president of the company.
Prior to his employment with Washington Mutual Bank, Mr. Williams served in various positions with SunTrust Bank, including as senior vice president, corporate treasury from 2000 until February 2005. From November 14, 2009 through March 14, 2010, Mr. Williams will serve as president, or in such other appropriate office as may be designated by the board, in a part-time capacity at a monthly salary of $50,000 per month, during which time either Mr. Williams or the company may terminate his employment, effective January 14, 2010, or thereafter, with or without cause, on 30 days’ notice.
On November 13, 2008, the board also appointed John A. Maciel as the company’s chief financial officer, general auditor and controller. Mr. Maciel continues to hold the positions of executive vice president, additional restructuring officer, assistant secretary and assistant treasurer. Mr. Maciel will serve as the company’s designated principal financial officer and principal accounting officer for securities and exchange commission reporting purposes. In connection with the appointment of Mr. Williams as president of the company and Mr. Maciel as chief financial officer, general auditor and controller of the company, on November 13, 2008, the board removed William Kosturos from those positions. Mr. Kosturos continues to serve as chief restructuring officer, executive vice president and secretary of the company.-SEC Form 8k
