- "It is time for me to look toward the next challenge," says Redwood Trust (NYSE:RWT) President Brett Nicholas, who will be leaving on July 1 after 20 years with the company.
- He's to be replaced with CFO Christopher Abate, and Redwood has commenced a search for a new CFO.
- Source: Press release
- It's been a rough patch for Redwood Trust, which earlier this year announced major job cuts in its residential mortgage operation. The stock's up about 30% since the mid-February market bottom, but still off nearly 40% since the start of 2015.