Flagstar Financial (FLG)announced the appointment of Lee Smith as Senior Executive Vice President and CFO, effective December 27. The appointment follows the decision of current CFO Craig Gifford to step down to reengage in personal endeavors outside of the banking industry. Gifford will remain with the Bank through March 31, 2025, and work closely with Smith during the transition period, ensuring a seamless hand-over and continued support for the Bank’s ongoing initiatives. Smith joined legacy Flagstar Bancorp in 2013 as COO and his transition to CFO comes after serving on Flagstar’s executive management team for more than a decade, most recently as President of Mortgage.
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