Finance of America Companies Inc. CEO Patricia Cook recently announced her retirement from the company. Cook will continue to serve as chief executive until a successor is appointed. Cook joined the company in 2016 as senior managing director. She was elevated to president in 2017 and took over as CEO in 2020.
It is anticipated that she will remain on the company’s board of directors through the date of its 2022 Annual Meeting of Stockholders. The board has commenced a search for its next CEO.
“On behalf of the board, I want to thank Patti for her countless contributions to Finance of America over the past six years,” Chairman of the Board of Directors Brian L. Libman said. “As president and chief executive officer, she has been a visionary and unifying force across the entire enterprise playing important roles in our evolution into a public company. More recently, Patti laid the groundwork for the implementation of our long-term strategic roadmap that focuses on optimizing the business, driving growth, and increasing enterprise value to the benefit of all stakeholders. Patti’s efforts have served to strengthen our competitive position in the market and set us up to achieve enduring success.”
“It has been an honor and a privilege to lead this dynamic, visionary organization. My time at Finance of America has been the crowning achievement of my career,” Cook said. “I am so proud to have played a role in building this purposefully different consumer lending platform with the broadest range of products and services designed to help a diverse consumer base. I want to thank our amazing team of talented and committed professionals who work tirelessly to the benefit of our customers, investors, and the industry.
“I’m proud of everything that I’ve accomplished throughout my 40-year long career. Now, I’m ready to embark on a new chapter in life including spending more time with family, especially my grandchildren,” Cook concluded.