Management ChangeJun 18, 2026, 04:22 PM

Live Oak Bancshares Announces Chief Accounting Officer Departure

AI Summary

Live Oak Bancshares, Inc. announced that J. Wesley Sutherland has ceased to serve as Chief Accounting Officer, effective June 16, 2026. Walter J. Phifer, the current Chief Financial Officer, has assumed the role of Principal Accounting Officer on an interim basis while the company searches for a permanent successor. Mr. Sutherland will remain with the Bank as a Senior Advisor to assist with the transition until his retirement on or about September 30, 2026.

Key Highlights

J. Wesley Sutherland no longer serves as Chief Accounting Officer for Live Oak Bancshares and its subsidiary.
Walter J. Phifer appointed interim Principal Accounting Officer, effective June 16, 2026.
Mr. Phifer has been Chief Financial Officer of the Company and the Bank since January 2024.
Mr. Phifer previously served as Treasurer and Head of Finance, Planning and Analysis since 2015.
Mr. Sutherland will remain as a Senior Advisor until his retirement around September 30, 2026.

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Live Oak Bancshares, Inc.

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