loanDepot’s founder Anthony Hsieh won his battle to nominate Steve Ozonian as a member of the lender’s board of directors. However, the two-month nomination dispute had its consequences: Hsieh was fired from the executive chairman position – but remains the chairman and largest shareholder. 

loanDepot announced Monday it will promptly increase the size of its board from eight to nine members to accommodate Ozonian, who has been the CEO of the Williston Financial Group since 2017, and his term will last from 2023 to 2026. 

Two of the board members who have terms expiring details ⇒

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