Turnover at the top: Keller Mortgage under new leadership
David Smith departs after less than two years; Keller Mortgage CFO assumes the role as interim president.
Key points:
- David Smith had been president of Keller Home Financial Services since March 2021.
- Interim president Rich Miller has worked for two decades in accounting and finance.
Rich Miller has been tapped as interim president of Keller Mortgage, effective immediately, after the sudden departure of David Smith, who led the organization for just under two years.
Smith was president of Keller Home Financial Services (KHFS), which included mortgage lender Keller Mortgage and insurance services provider Keller Covered.
Gary Keller, executive chairman of kwx, disclosed the leadership changes Monday in an email to employees that was shared by the company with Real Estate News.
Keller thanked Smith for his contributions to the company, noting that "he played a key role in building out the Keller Mortgage leadership team, which will continue to lead the organization." Keller wrote that Smith left to pursue other opportunities.
Miller, who was chief financial officer for Keller Mortgage, will take the role of interim president of Keller Mortgage until a permanent replacement is named, and KHFS leaders will now report to him.
Miller has a 20-year background in accounting and finances, serving in controller positions in insurance, finance and home lending. "Rich's financial expertise will be invaluable as we chart our course through this challenging economic environment," Keller said in the email.
Keller did not refer in the email to the current slowdown in prospective buyers seeking home mortgages in a period of higher interest rates and inflation.
The company said it would not have any further comment on the leadership changes.