Irvine-based Impac Mortgage Holdings Inc. (NYSE: IMH) promoted Paul Licon to chief financial officer. He had been chief accounting officer and controller and has worked for the mortgage lender about four years.
Licon previously worked for accounting firms KPMG and Squar Milner. He replaces Brian Kuelbs who stepped down April 30, “to pursue other professional opportunities,” Impac said in a statement.
Impac on March 30 temporarily stopped lending due to market uncertainties connected to the coronavirus, “most acutely for non-bank mortgage originators and servicers,” the company said then.
Its shares closed the week at about $1.90 a share for a $40 million market cap.