Guild Holdings CEO Mary Ann McGarry to retire, Terry Schmidt to succeed

Guild Mortgage announced the pending retirement of CEO Mary Ann McGarry, effective June 30, following a career of almost 40 years, which included leading the company’s growth from its base in the western United States to a leading reputation nationwide for customer-centric operations in 49 states. Terry Schmidt, the current president of Guild, will succeed McGarry as CEO, effective July 1. Schmidt was McGarry’s first hire at Guild in 1985 and the two have worked side by side for nearly four decades. McGarry will continue serving on the company’s board of directors. In addition, David Neylan, who joined Guild in 2007 and now serves as executive vice president and COO will replace Schmidt as president and continue as Guild’s COO.