MINNEAPOLIS-NorthMarq Capital, headquartered here, has revamped its executive organizational structure following the retirement of company president Craig Butchenhart at the end of 2011. Butchenhart has been succeeded by two real estate finance veterans, Jeff Weidell and William Ross, who have been named NorthMarq presidents, GlobeSt.com has exclusively learned.

Both Ross, an EVP based in Dallas, and the San Francisco-based Weidell have more than 20 years’ industry experience. Weidell has been a managing director for the San Francisco office since NorthMarq’s July 2000 acquisition of Trowbridge, Kieselhorst and Co. A more recent arrival at NorthMarq, having joined the financial interendiary firm in October 2009, Ross has been part of the mortgage banking business in Dallas since 1976. In 1989, he was a founding principal of Keystone Mortgage, which was sold in 2001 to what is now Capmark Finance, where he was an EVP.

The changes in management structure also means another promotion. Mike Myers, who joined NorthMarq in 1987 and has served as the company’s chief administrative officer, has been promoted to COO. Myers now oversees the Freddie Mac Capital Services department, loan servicing, IT, finance, accounting and human resources, along with providing financial oversight at NorthMarq subsidiary Amerisphere Multifamily Finance, a Fannie Mae DUS lender.

The company continues to use a regional format in managing its offices. Lawrence Stephenson, regional managing director and senior EVP, is responsible for oversight of offices primarily located in the western US, reporting to Weidell. Those offices include Chicago; Denver; Kansas City, MO; Los Angeles; Milwaukee; Minneapolis; Omahal Phoenix; San Diego; San Francisco; Seattle; St. Louis; and Washington, DC.

Stephenson’s counterpart in the eastern half of the country is Timothy O’Connor, who reports to Ross. A senior EVP and regional managing director, O’Connor oversees offices in Atlanta; Baltimore; Boston; Charlotte; Dallas; Houston; Miami/Boca Raton; New Jersey, New York City/Long Island; Orlando/Jacksonville, FL; Philadelphia; Rochester, NY; Tampa, FL; San Antonio; and Westchester County, NY.

Saying that NorthMarq Capital’s mission has always been “to provide a consistently high level of client service,” company CEO Ed Padilla says in a statement that “the changes we’re making today will contribute to our continued pursuit of that goal.”