Walter Phifer appointed CFO amid changes
- Walter Phifer named CFO of Live Oak Bancshares and Live Oak Bank
- Neil Underwood stepping down as president of Live Oak Bancshares
- William Losch III to become president of Live Oak Bancshares and step down as CFO
- Phifer appointed to fill the gap as CFO
Live Oak Bancshares has announced a leadership shuffle, with Walter Phifer being named as the new Chief Financial Officer (CFO) of the company and Live Oak Bank. This change comes as Neil Underwood, the current president of Live Oak Bancshares, steps down from his position. William Losch III, who has been serving as both the president of Live Oak Bank and CFO, will now take on the additional role of president of Live Oak Bancshares and will step down as CFO at the end of the year. Phifer, who has been serving as treasurer since 2019 and head of finance, planning, and analysis since 2022, has been appointed to fill the gap as CFO.
Factuality Level: 10
Factuality Justification: The article provides factual information about the appointment of Walter Phifer as the chief financial officer of Live Oak Bancshares and Live Oak Bank, effective Jan. 1. It also mentions the leadership shuffle and the changes in roles of Neil Underwood and William Losch III. The information is clear and does not contain any irrelevant or misleading details. There is no bias or opinion presented in the article. Overall, the article is factual and accurately reports the news.
Noise Level: 3
Noise Justification: The article provides information about a leadership shuffle at Live Oak Bancshares, including the appointment of Walter Phifer as CFO. However, it lacks context and does not provide any analysis or insights into the implications of these changes. The article also does not provide any evidence or data to support its claims. Overall, it is a straightforward news article with limited depth or relevance beyond the immediate announcement.
Financial Relevance: Yes
Financial Markets Impacted: Live Oak Bancshares
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: This news article pertains to the financial industry as it announces the appointment of a new chief financial officer for Live Oak Bancshares. There is no mention of any extreme event or its impact.
Public Companies: Live Oak Bancshares (N/A)
Private Companies: Live Oak Bank
Key People: Walter Phifer (Chief Financial Officer), Neil Underwood (President of Live Oak Bancshares), William Losch III (President of Live Oak Bank and President of Live Oak Bancshares)
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