General World News

Guild CEO Mary Ann McGarry announces retirement

Retail lender Guild Mortgage announced Monday that Mary Ann McGarry is retiring from the CEO position in late June, remaining on the California-based lender’s board of directors after retirement. Terry Schmidt, Guild’s current president, is the successor. 

McGarry joined Guild in 1984 as a supervisor in internal audit and held several leadership positions until promoted to president in 2005 and CEO in 2007. She led the company from its base in the western U.S. to become a nationwide lender with operations in 49 states. 

McGarry has also led the lender through several acquisitions of late, including Cherry details ⇒

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