So much for retiring in December. Angelo Mozilo said this morning that he has been working with the board of Calabasas-based Countrywide Financial to "extend my role as CEO." A formal announcement is expected at the end of the month. As noted by LA Biz Observed over the weekend, Mozilo had been hinting for months that he wasn't ready to give it up. And the unexpected resignation last week of Stanford Kurland as president and COO led Countrywide watchers to wonder whether he just tired of waiting for Mozilo to step down. At 67, retirement sounded unlikely, even though he had been quoted as saying that he didn't want to die on the job. David Sambol replaces Kurland and is still considered a likely successor to Mozilo, but who knows when the big guy will finally call it a day.
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