Summary by Moomoo AI
On March 21, 2024, SoFi Technologies, Inc. announced the resignation of Mr. Chad Borton, who served as the Executive Vice President and Group Business Unit Leader, Lending & President of SoFi Bank, N.A. His resignation is effective April 12, 2024, and he is leaving to pursue other opportunities. The company clarified that his departure is not due to any disputes or disagreements with the company's or SoFi Bank's operations or policies. Responsibilities held by Mr. Borton as President of SoFi Bank will be taken over by Paul Mayer, the current Vice President of SoFi Bank and a member of its Board of Directors. The company is also actively searching for a permanent replacement for Mr. Borton's other roles within SoFi Technologies.
