General World News

Anthony Hsieh steps down as loandepot’s executive chairman

Amid a battle with the board of directors, loanDepot‘s founder Anthony Hsieh is stepping down as executive chairman. However, he will remain chairman for the company’s board, the company announced on Wednesday. 

The announcement came the day after Hsieh said he had decided to use his majority voting power to unilaterally nominate Williston Financial Group executive Steven Ozonian to the board of directors. 

Hsieh is stepping down due to a mutual agreement unanimously approved by the board, according to the company’s statement.  

“It is surprising and disappointing that Mr. Hsieh would attempt to circumvent the details ⇒

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