Better appoints Daniel Lewis interim CEO, moves to replace founder Vishal Garg
BETR•Management transition backed by directors
Management transition was backed by all directors except Garg; the stock fell more than 90% during his tenure as CEO.
Board forms special committee amid founder campaign
The board formed a special committee to respond to founder and former CEO Vishal Garg’s campaign to remove a majority of directors.
The committee said Garg should have no continuing operating role, citing risks to shareholder value, corporate culture, and the CEO search.
Interim CEO appointment and search for permanent leader
Better appointed Daniel Lewis interim CEO, ending founder-led executive leadership, with a search under way for a permanent CEO.
