Banc of California said Francisco Turner has resigned as interim chief financial officer to pursue other interests. He will receive a lump sum payment of nearly $2.8 million from the company as part of a separation agreement.
Chief Accounting Officer Albert Wang will assume the role of principal financial officer as the company continues its search for a permanent CFO with the assistance of Korn Ferry. Wang has been chief accounting officer since September. Prior to that he was at Santander Bank from 2011 to 2016.