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Michael W. Perry is Chairman of the Board of Directors and Chief Executive Officer of IndyMac Bancorp, Inc. (NYSE:NDE) (Indymac®) and IndyMac Bank, F.S.B. (Indymac Bank®), a wholly owned subsidiary of Indymac, headquartered in Pasadena, California.
Mr. Perry assumed responsibility for the day-to-day operations of Indymac in 1993. Under his leadership, Indymac has grown from four employees, total assets of $714 million and a market cap of $75 million to over 7,000 employees, total assets of over $23 billion and a market cap of $3.1 billion as of June 30, 2006. Additionally, during the period from 1993 through June 30, 2006, Indymac provided its shareholders a compounded annual return of 24%, exceeding the comparable returns of 12% and 10% for the Dow Jones Industrial Average and S&P 500, respectively, for the same period.
Prior to joining Indymac in January l993, Mr. Perry served as Senior Executive Vice President in charge of the Mortgage Banking Division of Commerce Security Bank, a state chartered bank based in Sacramento, California. Mr. Perry has over 20 years of business experience with mortgage banking companies, financial institutions, and real estate firms, including four years as an auditor with KPMG Peat Marwick.
Mr. Perry's civic involvement includes membership on the Board of Trustees of Mayfield Junior School, where he serves as chairman of the Finance Committee and also serves on the Executive Committee. In addition, Mr. Perry serves on the non-profit Boards of "Homes for Working Families", an organization that addresses the shortage of homes that working Americans can afford, and the Young Presidents Organization of San Gabriel Valley.
Mr. Perry is a Master Certified Mortgage Banker, as designated by the Mortgage Bankers Association, and is a Certified Public Accountant - inactive. In 2002, Mr. Perry received the Los Angeles Business Journal's Financial Industry Leader of the Year Award and was inducted into the Journal's Business Hall of Fame. Also in 2002, Mr. Perry received Ernst & Young's Los Angeles Entrepreneur of the Year award in the financial services category. Mr. Perry is an honors graduate of California State University, Sacramento with a B.S. degree in Business Administration. | 