Live Oak Bancshares Names Walter J. Phifer As CFO, Effective January 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Live Oak Bancshares has announced leadership changes with Walter J. Phifer set to become CFO effective January 1, 2024. Neil L. Underwood is stepping down as President, and William C. (BJ) Losch III will take on the role of President of Live Oak Bancshares while continuing as President of Live Oak Bank. Losch will step down as CFO at the end of the year.
November 14, 2023 | 10:14 pm
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NEUTRAL IMPACT
Live Oak Bancshares has announced significant executive changes, with a new CFO to be appointed and a reshuffling of presidential roles.
Executive changes can lead to shifts in company strategy and investor sentiment. However, since the changes are planned and seem orderly, the immediate impact on the stock price is likely to be neutral. The market typically prefers stability and clear succession plans, which appear to be in place here.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100