Vishal Garg lays out Better 2.0 plan during shareholder call

Vishal Garg outlined plans to cut costs at Better Home & Finance Holding Co., expand its wholesale and home equity businesses, and pursue a share repurchase program during a shareholder call on Tuesday afternoon, a day after regaining control of the company’s board. Garg said during his “Better 2.0” presentation and a lengthy Q&A session that the company has identified a candidate for interim CEO and is finalizing engagement. The company said in a Securities and Exchange Commission (SEC) filing on Tuesday that its board had removed Daniel Lewis as interim CEO effective Oct. 5 and had started the search for a successor. Garg also said the company has started a search for a permanent CEO with experience in credit, artificial intelligence and fintech. He said he expects to remain as “the face of” the company but did not share what his new position would be. “I think that real leaders are able to lead with empathy while driving results. I’m able to drive results without empathy, and so I can’t be a real leader of the company,” Garg said. “We’re going to get a real leader of the company that can drive results and take the things that I’m really, really good at, and then drive th...