NorthMarq Restructures, Promotes Two to President Role
- Jan 23, 2012
January 23, 2012
By Barbra Murray, Contributing Editor
NorthMarq Capital has kicked off 2012 with some major changes at the top. The commercial real estate investment banking firm has named Jeff Weidell and William Ross, who had held the respective positions of managing director and executive vice president, as presidents of the company.
The two industry veterans step into the shoes of former president Craig Butchenhart, who retired late last year.
Weidell, who had been a managing director of NorthMarq’s San Francisco office since 2000, has a background spanning more than 20 years in real estate finance at the firm.
Ross came to NorthMarq’s Dallas office from his position as an executive vice president at Capmark Finance in 2009, bringing to the table an approximately 35-year history in mortgage banking.
NorthMarq’s reorganization steps do not extend to the company’s tried-and-true regional office management structure; the major change is the leadership. The two executive vice presidents who manage the firm’s offices covering the western and eastern halves of the country continue to operate in the same manner but are now under the direction of Weidell and Ross, respectively.
“Our mission is and always has been to provide a consistently high level of client service,” Ed Padilla, CEO of NorthMarq, noted in a prepared statement. “The changes we’re making today will contribute to our continued pursuit of that goal.
The New Year has brought additional staff moves at the firm. Mike Myers has been pushed up the ladder from chief administrative officer to chief operating officer.