Caliber Announces CFO Transition
Caliber (Nasdaq:CWD) announced a CFO transition.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Caliber (Nasdaq:CWD) announced a CFO transition. Jade Leung will step down after an eleven-year tenure, supporting an orderly handover and with no disagreements on operations, accounting, or financial reporting. Caliber reaffirmed its full-year 2026 guidance and said strategy and financial outlook remain unchanged.
Michael Rosales, currently Senior Vice President of Accounting, Financial Reporting & Tax, becomes Acting CFO effective June 14, 2026, bringing deep knowledge of Caliber’s finance functions. The Board has begun a search for a permanent CFO with expertise in capital formation, real estate finance, public-company finance, and digital asset tokenization.
Positive
- Reaffirmation of full-year 2026 guidance despite CFO transition
- Company states strategy and financial outlook remain unchanged
- Acting CFO appointed with several years of internal finance leadership
- Orderly transition with outgoing CFO supporting handover
- Board launched search for CFO aligned with digital asset and tokenization focus
Negative
- Departure of long-tenured CFO after approximately eleven years
- Uncertainty until a permanent CFO with desired profile is hired
Details
News Market Reaction – CWD
On Jun 8, the first trading day after this news, CWD closed 0.18% below the previous close.
Data tracked by StockTitan Argus for the Jun 8 session.
Key Figures
- CFO tenure
- 11 years
- Jade Leung’s tenure as Chief Financial Officer
- Acting CFO effective date
- June 14, 2026
- Effective date for Michael Rosales as Acting CFO
- Public accounting experience
- 16 years
- Years Michael Rosales spent in public accounting
- Joined Caliber
- October 2020
- Date Michael Rosales joined Caliber
- SVP role start
- April 2025
- Start of Rosales’s Senior Vice President role
- Current share price
- $0.8415
- Price before CFO transition announcement
- 52-week high
- $48.00
- Pre-news 52-week high level
- 52-week low
- $0.7968
- Pre-news 52-week low level
Historical Context
-
Reported Q1 2026 results and reaffirmed full-year 2026 guidance.
-
Set date and details for Q1 2026 earnings release and call.
-
Advanced three-market Hyatt Studios extended-stay hotel development platform.
-
Converted unsecured notes to equity and Series AAA Preferred, cutting corporate debt.
-
Secured building permits for large indoor pickleball and padel facility.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
initial public offering financial
digital asset financial
tokenization technical
certified public accountant financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SCOTTSDALE, Ariz., June 05, 2026 (GLOBE NEWSWIRE) -- Caliber (Nasdaq: CWD), a diversified real estate and digital asset management platform, today announced that Jade Leung will step down as Chief Financial Officer to pursue a new opportunity, capping an eleven-year tenure during which he built Caliber’s finance organization and helped lead the Company through its initial public offering. Mr. Leung will support an orderly transition. The change is not the result of any disagreement with the Company on any matter relating to its operations, accounting policies, practices, or financial reporting. Caliber reaffirms the full-year 2026 guidance issued on its first quarter 2026 earnings call, and the transition does not affect the Company’s strategy or financial outlook.
Caliber also announced the appointment of Michael Rosales as Acting Chief Financial Officer, effective June 14th, 2026. Having overseen the Company’s accounting, financial reporting, and tax functions for several years, Mr. Rosales brings extensive knowledge of Caliber’s financial operations and is well positioned to ensure continuity during the transition. Mr. Rosales joined Caliber in October 2020 and has advanced through a series of leadership roles of increasing responsibility, including Director of Financial Reporting & Technical Accounting, Corporate Controller, and most recently Senior Vice President of Accounting, Financial Reporting & Tax, a position he has held since April 2025. Prior to joining Caliber, Mr. Rosales spent 16 years in public accounting, serving in audit and assurance roles of increasing responsibility, including Senior Manager at Grant Thornton. He also held positions at PwC and Deloitte. Mr. Rosales is a Certified Public Accountant and earned a Bachelor of Science in Accounting from Arizona State University.
“Jade has been a trusted partner and a steady leader during Caliber’s evolution from a private company, through our IPO, to the public company we are today. He built our finance team and our reporting foundation which is poised to continue to execute well. On behalf of the Board and the entire team, I thank Jade for almost eleven years of dedicated service and wish him every success in his next chapter,” said Chris Loeffler, CEO of Caliber. “Michael has been instrumental to our accounting and reporting for years, and I have full confidence in him as Acting CFO. Caliber’s Board and I are taking a disciplined approach to identifying the right finance leader for Caliber’s next phase of growth.”
The Caliber Board of Directors has commenced a search for a permanent Chief Financial Officer to lead the next phase of the Company’s growth. Caliber is seeking a finance leader with depth in capital formation and fundraising, real estate fund and project finance, public-company finance, and the execution of Caliber’s digital asset and tokenization strategy. This profile aligns directly with Caliber’s expansion toward a real and digital asset platform and market leader in tokenization of real estate funds. The Board intends to conduct a thoughtful and disciplined search and will consider both internal and external candidates.
About Caliber (CaliberCos Inc.)
Caliber (Nasdaq: CWD) is a real estate-focused alternative asset manager with over
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
CONTACTS:
Caliber Investor Relations:
Ilya Grozovsky
+1 480-214-1915
Ilya.Grozovsky@CaliberCo.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.