Linda Yaccarino Joins Better Board of Directors
The former media executive joins the mortgage firm's board following a leadership shakeup.
Updated on Oct. 15, 2026 in Public Companies
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Linda Yaccarino has been appointed as an independent director to the Better board of directors. This move comes as the company navigates a leadership transition involving Vishal Garg, who returned as CEO following a proxy fight.
Why it matters
The board's composition and leadership shift follow the dismissal of litigation against Vishal Garg in the U.S. District Court for the Southern District of New York. The company is now focused on cost-cutting measures and organizational restructuring.
Better reported $1.39 billion in loan volume during the third quarter, representing a 15% increase compared to the prior year. The company has already implemented $13 million in annualized expense reductions.
The players
Linda Yaccarino
She is a former media executive who has been appointed as an independent director for the Better board of directors.
Vishal Garg
He is the leader of Better who returned to his role as CEO after a successful proxy fight.
The details
Better's board recently underwent a change after Vishal Garg removed five directors and appointed four new members. Additionally, the company is aiming for $51 million in further annualized expense reductions over the coming month.
Timeline
Vishal Garg was removed from the CEO position in early August.
Better published its preliminary third-quarter results on October 13, 2026.
Market Landscape
The appointment of Yaccarino reflects a trend of established corporate figures joining fintech boards to stabilize leadership during periods of intense restructuring. This strategy positions Better to navigate competitive pressures by aligning with seasoned industry leaders.
While the board changes are internal, the firm's significant expense reduction targets may influence service availability and operational efficiency for loan applicants. Customers should monitor how these organizational shifts impact processing timelines and customer support access.
The takeaway
The appointment of a high-profile independent director indicates an effort by Better to formalize its governance structure following recent leadership turmoil. Shareholders and customers should watch whether these cost-cutting measures successfully stabilize the firm's financial trajectory.
What happens next
Better aims to implement $51 million in additional annualized expense reductions over the next four weeks.
Further reading
For more on corporate governance and leadership shifts, read the latest news on Public Companies.
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