Vishal Garg, founder of Better.com, announced on Wednesday that he has secured sufficient shareholder support to remove the company’s interim CEO and four board members who previously ousted him. According to Garg’s investor group, shareholders holding more than 51% of Better.com’s voting power have signed written consents to remove Daniel Lewis and the other directors.
This development comes less than two months after Garg was abruptly removed from his leadership position at the mortgage lender, which has been facing significant operational and financial challenges. The move to regain control marks a dramatic turn in the ongoing leadership struggle within the company.
Better.com has experienced volatility since Garg’s departure, with shifts in management contributing to uncertainty among investors and customers alike. Details on the company’s next steps following the board removals have not been disclosed.
While Garg’s faction claims to have secured majority support, the company has yet to confirm the official outcome or outline plans for governance moving forward. Observers note that the shareholder vote may reshape Better.com’s strategic direction amid a competitive and rapidly evolving mortgage market.
The situation remains fluid as stakeholders await formal announcements and responses from those currently holding corporate leadership roles.