As the company attempts to move on from the allegations of inappropriate behavior towards women, Mike Cagney will step down as chairman immediately and as CEO once a replacement is found.
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SoFi CEO Cagney to step down
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“I want SoFi to focus on helping members, hiring the best people, and growing our company in a way consistent with our values. That can’t happen as well as it should if people are focused on me, which isn’t fair to our members, investors, or you,” Cagney wrote in the company-wide memo.
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