Flagstar Extends CEO Joseph Otting's Term Through 2028, Names Co-Presidents

MT Newswires Live

05/19

Flagstar Bank (FLG) extended Chief Executive Joseph Otting's employment agreement through March 2028 as part of a broader executive leadership reshuffle, the company said on Monday.

The bank named Richard Raffetto and Lee Smith as co-presidents and co-chief operating officers, effective immediately, with expanded responsibilities across operational and strategic functions.

Flagstar also named Bao Nguyen chief legal officer and chief operating officer for consumer and retail banking.

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