Executive has been acting CEO for a couple of years now
Korth Direct Mortgage (KDM) has announced that company CEO James Korth will step down from his position and that Holly MacDonald-Korth, president and chief financial officer, will take on the role.
Korth has led the commercial real estate finance firm since 2016. He co-founded KDM with MacDonald-Korth and Danny Llorente, chief lending officer. According to the company’s Press release, Korth will remain chairman of the board and managing director of J. W. Korth & Company.
McDonald-Korth (pictured) has served as president and CFO of the firm since 2017. Prior to that, she was managing director and chief financial officer of J. W. Korth & Company for 11 years. McDonald-Korth has also worked as senior vice president at Overstock.com and as a financial systems analyst on the board of governors of the Federal Reserve in Washington, D.C., early in her career.
“Holly MacDonald-Korth has shown herself to be a strong, innovative, compassionate, and responsive leader for KDM,” Korth said. “Holly has essentially been acting CEO for a couple of years now, and I am confident that with her at the helm, KDM will continue on its upward trajectory.”
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“It has been the great honor of my life to work with my father and to be a part of this team of hard-working, dedicated, and passionate professionals who work tirelessly to help commercial real estate owners and borrowers achieve their business goals while simultaneously bringing value to our investors. I look forward to continuing that legacy for years to come,” said MacDonald-Korth.
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