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November 10, 2022
Brian Ward joined Broadmark Realty Capital in February as CEO and a member of the board. (He then made the move from Trimont Real Estate Advisors.) And now, quite unexpectedly, he's out. Jeff Pyatt is reclaiming his prior role as CEO on an interim basis. The company's David Karp said in a statement, “We thank Brian for his contributions to Broadmark, and we wish him much success in his future endeavors.” He further cited “rapidly changing economic forces in and around our industry.” A new CEO search effort is already underway. Also on an interim basis, Kevin Luebbers will serve as president. And on a permanent basis, Jonathan Hermes will be promoted to CFO next month.