CaliberCos (CWD) shares rose more than 2% in premarket trading Monday after the company said late Friday that Chief Financial Officer Jade Leung will step down to pursue another opportunity.

The company said the departure is not related to any disagreement over operations, accounting practices or financial reporting. CaliberCos also reaffirmed its full-year 2026 guidance, stating that the leadership transition will not affect its strategy or financial outlook.

Caliber appointed Michael Rosales as acting CFO, effective June 14. Rosales currently serves as Senior Vice President of Accounting, Financial Reporting & Tax and has been with the company since 2020, it said.

The company said its board has launched a search for a permanent CFO and will consider both internal and external candidates.