Tech Times Daily

: SVB Financial CEO Greg Becker, CFO Daniel Beck have resigned

SVB Financial Group said in a filing late Friday that Chief Executive Greg Becker and Chief Financial Officer Daniel Beck resigned this week, with Becker becoming a consultant to SVB at the request of the company and at no cost. SVB said its restructuring committee has appointed Nicholas Grossi, of Chicago-based Alvarez & Marsal, as interim CFO. SVB hired Alvarez & Marsal in March to serve as restructuring adviser following its collapse.

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