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John R Iii Torell

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July 22, 1989 | JAMES BATES, Times Staff Writer
John R. Torell III quit Friday as chairman, president and chief executive of CalFed Inc., the parent of California Federal Bank, two days after the Los Angeles thrift's board of directors asked for his resignation. Torell headed CalFed just short of one year, joining the company last Aug. 1 after 27 years as an executive with Manufacturers Hanover Corp. in New York. Torell effectively will be replaced by Jerry St. Dennis, most recently the company's chief financial officer and chief economist.
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BUSINESS
July 22, 1989 | JAMES BATES, Times Staff Writer
John R. Torell III quit Friday as chairman, president and chief executive of CalFed Inc., the parent of California Federal Bank, two days after the Los Angeles thrift's board of directors asked for his resignation. Torell headed CalFed just short of one year, joining the company last Aug. 1 after 27 years as an executive with Manufacturers Hanover Corp. in New York. Torell effectively will be replaced by Jerry St. Dennis, most recently the company's chief financial officer and chief economist.
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