Two Harbors Investment Corp. appointed Madhur Agarwal as chief financial officer on September 4, 2026, while several senior officers left immediately and CEO William Greenberg is expected to depart on October 2. The transition changes the company’s finance Leadership while Agarwal continues receiving compensation only from its parent company.

Key Highlights

  • William Dellal, Nicholas Letica, Rebecca Sandberg, Robert Rush and Alecia Hanson entered or are expected to enter separation agreements with Two Harbors.
  • Madhur Agarwal has served as CrossCountry Mortgage’s chief financial officer since 2021 and is expected to hold both roles concurrently.
  • Agarwal will receive no compensation from Two Harbors, and his CrossCountry Mortgage compensation will not change because of the appointment.

Senior Officers Depart

The changes ended the employment of several senior officers effective immediately. as Agarwal Takes Finance Role William Dellal, Nicholas Letica, Rebecca Sandberg, Robert Rush and Alecia Hanson ended their employment with Two Harbors on September 4. Their positions covered chief financial officer, chief investment officer, chief legal officer, secretary, chief compliance officer, chief risk officer and chief administrative officer. Each departure, including Greenberg’s expected exit, qualifies under the company’s severance benefits plan for a change-of-control period. The departing officers have entered or are expected to enter separation and release agreements that document their compensation and benefits under the plan. Agarwal has been chief financial officer of CrossCountry Mortgage, Two Harbors’ parent company, since 2021. His responsibilities there include finance, accounting, financial reporting, planning, corporate strategy, mergers and acquisitions, Capital raising, treasury, procurement, Payroll and tax. He will receive no compensation from Two Harbors, while his CrossCountry Mortgage compensation will remain unchanged. The company said he has no reportable material transaction interests, family relationships with its directors or executive officers, or appointment arrangements with other persons.