2008-09-03marketwatch.com

Fremont General Corp. which filed for Chapter 11 bankruptcy earlier this year after the collapse of the subprime mortgage market, said on Wednesday that Stephen Gordon and David DePillo, CEO and president respectively of Fremont and subsidiary Fremont Reorganizing Corp., are resigning from their positions. Executive vice president Richard Sanchez will serve as interim CEO of Fremont General and Fremont Reorganizing. The changes are effective Sept. 30.



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