Kathleen Brown quits Countrywide board

Former California Treasurer Kathleen Brown quit the board of Countrywide Financial Corp.

Brown, head of West Coast municipal finance at Goldman Sachs & Co., is the sister of California Atty. Gen. Jerry Brown.

In addition, Michael E. Dougherty, founder and chairman of Dougherty Financial Group, won’t run for reelection, the Calabasas-based mortgage company said.

The departures will shrink the board to nine members from 11, Countrywide said.

Messages left for Countrywide’s media and investor relations offices and at the offices of Kathleen Brown and Dougherty after business hours weren’t immediately returned.