Venu Aravamudan resigned as Board director effective immediately on July 21, 2026. Board accepted resignation on July 22, 2026 and reduced authorized directors from three to two, leaving vacancy unfilled.
Recent executive departures 8-K filings
8-K filings disclosing CEO, CFO, and director departures (Item 5.02). Abrupt leadership exits are a classic early distress signal.
Syvia L. Magid resigned as director of BayCom Corp and United Business Bank, effective July 22, 2026. Resignation was not due to disagreement with management.
Jonathan Bock resigned as Co-Chief Executive Officer of Blackstone Private Credit Fund effective July 20, 2026. Departure was not due to disagreement.
Jonathan Bock resigned as Co-Chief Executive Officer of Blackstone Secured Lending Fund effective July 20, 2026. Departure was not due to disagreement.
David Namdar departed as CEO on July 22, 2026 per predetermined termination agreement from March 2026. William B. Miller, CFO, appointed Interim Principal Executive Officer with no additional compensation.
Ravi Mohan, Chief Technology Officer, resigned effective August 14, 2026, with final separation on October 25, 2026. Separation and advisory agreement includes consulting fees and RSU/option vesting provisions.
Douglas A. Milroy resigned from the Board of Directors effective July 31, 2026, after serving since 2016.
Jennifer Hyman, Class I director since 2018 and member of Audit Committee and Nominating and ESG Committee, will retire from the Board effective November 16, 2026, to focus on new endeavors.
Steven M. Klein resigned as Member Director of FHLBNY effective July 20, 2026, following Northfield Bank's merger with Columbia Bank, which made him ineligible to serve.
James C. Kerr, EVP and CFO, announced retirement effective October 1, 2026. Ronald F. Stoops, Vice President of Finance, will succeed him. Kerr to remain as senior advisor pending full retirement.
Richard J. Simoncic resigned as Chief Operating Officer, effective August 17, 2026, to become CEO of Menlo Microsystems, Inc.
Mary Ann E. Moore transitions from Executive Vice President, General Counsel, Chief Administrative Officer and Secretary effective October 31, 2026. David Haddock appointed as Executive Vice President, General Counsel and Secretary.
Timothy Broadfoot resigned as CFO effective August 24, 2026. Anuj Goel appointed as new CFO commencing August 24, 2026, with AUD$650,000 annual salary and AUD$1.352M sign-on RSU grant.
Charlotte Nangolo resigned from the Board and Audit and Compensation Committees effective immediately on July 20, 2026, citing personal reasons.
Director Yuji Ishida resigned from the Board and Audit Committee effective immediately on July 23, 2026, citing no disagreement. Kevin Cheong Jia Jin appointed to fill vacancy on July 24, 2026.
Eugene N. Padgett resigned as Chief Accounting Officer effective July 21, 2026, with no disagreement disclosed. Janice Zwinggi, CFO, assumed the Chief Accounting Officer role.
Jason O'Byrne, Executive Vice President and CFO, resigned effective August 3, 2026, to pursue another opportunity. Brent Sabatini appointed interim principal financial officer effective same date.
S. Denise Sumner retired as Vice President and Chief Accounting Officer effective August 28, 2026. Andrew Taylor appointed as successor in the same role.
Frank Colletti departed as Chief Revenue Officer effective July 9, 2026. Under separation agreement dated July 21, 2026, he receives continued salary/benefits through February 28, 2027, bonus payment, and extended health coverage.
Shantanu K. Gaur resigned as CEO and board member effective immediately on July 17, 2026. No interim or permanent CEO was appointed; COO Ojas Buch will oversee day-to-day operations.