leadership
confidence high
sentiment neutral
materiality 0.55
Onity appoints Aulene Wessel as CAO, replacing departing Francois Grunenwald
ONITY GROUP INC.
- Aulene Wessel named SVP and CAO effective Feb 23, 2026, reporting to CFO Sean O'Neil.
- Wessel previously EVP and Deputy Controller at Truist Bank; also held roles at SoFi, Silicon Valley Bank, and American Express.
- Compensation: $435k base salary, $235k target cash incentive, $455k sign-on bonus plus $70k at six months, and equity grants.
- Francois Grunenwald departing after six years; no disagreement with accounting practices; will assist transition.
- Wessel holds accounting degrees from South African universities and is a Chartered Global Management Accountant.