"The filing says that Better has commenced a search process to identify the next chief financial officer and, to ensure leadership continuity, Ryan will assist in the transition of CFO duties. This transition is without cause and Mr. Ryan has informed the Company that it is not due to any disagreement with the Board, the Company or management on any matter relating to the Company's operations, policies or practices, the filing reads."
"[T]he last 5 years I have spent at Better have been the most rewarding of my career. Vishal and the team have built an AI-first company that is ready for the next stage of its evolution as the market improves and technological advancement in the industry accelerates. There is no company in the world better positioned to take advantage of these changes, Ryan said in the filing."
"Kevin has done so much for Better in the past 5 years, from preparing us to IPO, to negotiating with our investors over $1.25 bln of additional capital raised, to working with us post-public listing to build our finance functions as a public company, said Vishal Garg, Better's founder and CEO. We are indebted to him for all of his contributions and wish him the best of success in whatever he chooses to pursue in the future."
Kevin Ryan announced on Sept. 30 that he was retiring. Ryan joined investment bank Houlihan Lokey in July as a managing director in its capital solutions group. Better has commenced a search to identify the next chief financial officer, and Ryan will assist in the transition of CFO duties to ensure leadership continuity. The transition is without cause and not due to any disagreement with the Board, the company, or management on operations, policies, or practices. Ryan described his five years at Better as the most rewarding of his career and praised the company's AI-first positioning. Vishal Garg credited Ryan with IPO preparation, raising $1.25 billion, and building public-company finance functions.
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