PennyMac Adds Insider to Board

PennyMac Financial Services Inc. has named Anne McCallion, the company’s chief enterprise operations officer, to its board of directors, the company announced Tuesday. McCallion joined the Westlake Village mortgage company’s management team in 2009. In her current job she is responsible for legal, regulatory relations, human resources, technology infrastructure and corporate administration. Previously, she was the company’s chief financial officer. Prior to joining PennyMac, McCallion worked at Deloitte, Countrywide and Bank of America. She also worked at the Financial Accounting Standards Board. “When we decided recently to expand our board, we found the best candidate from within our own rank,” PennyMac Executive Chairman Stanford Kurland said in a statement. “As we continue to grow and strengthen our market position, everyone associated with PennyMac will benefit from Anne’s business acumen, vast industry knowledge and strong leadership capabilities.” Shares of PennyMac (PFSI) closed Tuesday up 40 cents, or 1.7 percent, to $24.40 on the New York Stock Exchange.