Form 8-K Filing - Officer Changes and Appointment
Two Harbors Investment Corp. (TWO) reported significant executive changes effective September 4, 2026. The company announced the departure of five key officers: William Dellal (VP, CFO), Nicholas Letica (VP, Chief Investment Officer), Rebecca Sandberg (VP, Chief Legal Officer, Secretary and Chief Compliance Officer), Robert Rush (VP, Chief Risk Officer), and Alecia Hanson (VP, Chief Administrative Officer). The departures of these officers, and the expected departure of CEO William Greenberg on October 2, 2026, are considered "Qualifying Terminations" under the company's Severance Benefits Plan. Each departing officer has entered or is expected to enter into separation agreements. Concurrently, TWO appointed Madhur Agarwal as its new Chief Financial Officer. Mr. Agarwal, who also serves as CFO of TWO's parent company, CrossCountry Mortgage, LLC, will not receive additional compensation from TWO for this role. His extensive background includes finance leadership at CCM and prior investment experience at Radcliff Management, Crescent Capital Group, and Citigroup.