Vishal Garg regained control of Better's board after shareholders voted to remove five directors, including interim CEO Daniel Lewis. The vote granted Garg 52% shareholder support for the board changes.
Better finalized Garg's succession following the shareholder action. The removal of Lewis and four other directors shifted board composition in Garg's favor, restoring his influence over the mortgage lending platform after a period of external management.
The shareholder vote represents a significant power consolidation at Better, which has faced operational challenges and leadership transitions. Garg's return to board control follows his earlier departure from the company's chief executive role.
The specifics of shareholder voting mechanics and the timeline of events surrounding the board transition remain tied to Better's corporate governance structure. The company has not disclosed additional details about the five removed directors beyond Lewis's interim CEO status or the circumstances that prompted the shareholder action.
Better operates in the mortgage technology and lending space, competing in a sector that has experienced substantial consolidation and restructuring in recent years. The company's leadership shift reflects ongoing internal reorganization efforts.