Wednesday,Mitsubishi UFJ Financial Group, Inc.(MTU) said that UnionBanCal Corp. and its primary subsidiary Union Bank N.A. appointed Vice Chairman, John Woods as the Chief Financial Officer following the retirement of David Matson, completing the transition plan. UnionBanCal Corp. is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc.
The company said Woods officially assumed responsibilities of CFO on December 1 and Matson would retire on February 26,2010.
Prior to joining Union Bank, Woods served JP Morgan Chase's Home Lending business as chief financial officer. Woods was the chief financial officer of Washington Mutual Inc. when it was acquired by JP Morgan Chase.
Woods, a graduate from the University of Virginia, began his career in 1986 as a staff accountant with Arthur Andersen in Washington D.C., and went on to become a partner in the firm. Later, Woods joined Federal Home Loan Mortgage Corp. as senior vice president advancing to the post of corporate controller.
MTU is currently trading at $5.56, down $0.13 or 2.28%, on a volume of 1.77 million shares on the NYSE.
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