Malone, Bren Co. President, Resigns

Lou Malone has resigned as president of the Bren Co., a Newport Beach-based home-building company, to pursue “personal construction and investment opportunities,” the company said Friday.

Replacing Malone, 48, will be Michael L. Toohey, 52, currently vice president of development for Southwest Diversified, a real estate development company with holdings in Southern California and divisions in Tucson and Northern California.

Malone worked for the Bren Co. for eight years, first as Southern California division president and then as executive vice president, before being named president two years ago.

Before joining Southwest Diversified five years ago, Toohey was associated for almost 20 years with the real estate development activities of Kaiser companies, including the Hawaii Kai Development Co. in Oahu and Ponderosa Homes in Newport Beach.