LoanDepot appoints new CFO, shares fall

loanDepot

02/06/2023 22:27

** Shares of non-bank mortgage platform LoanDepot Inc
 LDI.N  down ~3% at $1.85 aftermarket
    ** Company appoints David Hayes as CFO, effective June 26,
succeeding Patrick Flanagan
    ** Hayes joins LoanDepot from financial firm CoreLogic Inc,
where he most recently served as executive, finance and
treasurer
    ** LDI also announces departure of three more executives
    ** As part of its Vision 2025 plan, company expects to
invest in customer-facing tools and solutions, as well as
implement operational and structural changes to optimize and
streamline its business, says CEO Frank Martell
    ** Stock up 15.8% YTD
    

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))