Live Oak Bancshares Announces Executive Appointments, Including Walter J. Phifer Named as Chief Financial Officer
14 Novembro 2023 - 7:00PM
Live Oak Bancshares announced today that its Board of Directors has
made several organizational appointments including naming a new
Chief Financial Officer and President of Live Oak Bancshares.
In a natural evolution of his position as general partner and
co-founder of Canapi Ventures, Neil L. Underwood has announced that
he is stepping down as President of Live Oak Bancshares. William C.
(BJ) Losch III, who has been serving as both President of Live Oak
Bank and CFO, will add the additional role of President of Live Oak
Bancshares effective today and will step down as CFO at the end of
this year. To fill that role, the board announced Walter J. Phifer
as CFO of Live Oak Bancshares and Live Oak Bank effective January
1, 2024.
“Since joining Live Oak eight years ago, I have had the
privilege of being part of an exciting company with a business
model that is unmatched in the financial services industry,” said
Phifer. “I am grateful to continue this journey as CFO and help
further the financial health of our organization and our mission to
be America’s small business bank.”
Phifer has served as Treasurer since 2019 and has also held the
role of Head of Finance, Planning and Analysis since 2022. He
brings deep experience to the leadership team as the company
continues to deliver innovative banking products, services, and
solutions to its customers.
“Walt is poised to lead Live Oak’s financial future and his
leadership has been felt here for many years,” said Live Oak
Chairman and CEO James S. (Chip) Mahan III. “We are adding another
dedicated Live Oaker to the fabric of our leadership team, and we
are thrilled to continue revolutionizing banking together.”
Phifer joined the bank in 2015 and brings 18 years of experience
in the financial industry, including various finance, treasury,
accounting, audit, and deposit analytic roles. Prior to joining
Live Oak, Phifer served as the Deposits Finance Manager at Barclays
US where he managed the finances and data analytics of a $10
billion deposit portfolio.
He began his career in external audit at Deloitte, based out of
the Boston and Philadelphia offices, and earned his Certified
Public Accountant certification in 2006. Phifer received a
bachelor’s degree in economics and accounting from the College of
the Holy Cross in Worcester, MA.
In addition, the Board of Directors recognized Underwood’s
career progression and his desire to focus fully on his leadership
role at Canapi Ventures. Underwood will continue to serve as an
active member of Live Oak’s Board of Directors.
“I am excited to continue serving Live Oak as a director, while
also expanding my focus at Canapi Ventures,” said Underwood. “This
is an organic extension of my involvement in two incredible
organizations whose missions closely align as they aim to create
meaningful solutions for the financial services industry of the
future. I am also thrilled to see BJ lead the company into an
exciting future where innovation and culture are central to Live
Oak’s success.”
Canapi’s Wilmington office will remain on the Live Oak campus,
and Underwood will remain a vital part of the Live Oak ecosystem
that he helped create.
“We are very pleased to have the caliber of leadership in BJ and
Walt at our helm and to have our founders such as Neil remain
closely tied to our mission to serve America’s small businesses,”
said Mahan.
About Live Oak BancsharesLive Oak Bancshares,
Inc. (NYSE: LOB) is a financial holding company and parent company
of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner
with businesses that share a groundbreaking focus on service and
technology to redefine banking. To learn more,
visit www.liveoakbank.com.
Contact:Claire Parker | SVP Corporate
Communications910.597.1592
Live Oak Bancshares (NYSE:LOB)
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