Better Home & Finance shareholder vote ousts CEO Daniel Lewis, reshapes board with Bing Gordon, Steve Sarracino nominees
BETR•Better Home & Finance shareholders delivered written consents representing more than 51% of voting shares to shift control to Vishal Garg’s group. The planned board overhaul removes five directors, while Bing Gordon and Steve Sarracino are slated to join; the company has begun searching for an interim CEO.
1. Control and board changes
Better Home & Finance shareholders delivered written consents exceeding 51% of voting shares to shift control to Vishal Garg’s group. The planned overhaul removes CEO Daniel Lewis, Harit Talwar, Bhaskar Menon, Arnaud Massenet and Prabhu Narsimhan from the board, with venture capitalists Bing Gordon and Steve Sarracino slated to join.
2. Interim CEO search
The company has launched a search for an interim CEO, targeting a senior executive from a Tier 1 advisory firm with experience in mortgage origination, servicing and growth. Garg is to become head of product, platform and innovation during the transition, working with the interim CEO and executive team.
