Leucadia National Corp., the holding company run by investment banker Richard Handler, is looking for a new chief financial officer as Joseph A. Orlando plans to retire for health reasons.
Orlando has “orthopedic health issues” and will leave by Aug. 31, the New York-based company said today in a statement. He’s been CFO since 1996 and was listed as 58 years old in a filing last week.
“His contributions to Leucadia’s success have been far greater than the title CFO would otherwise describe,” Joseph Steinberg, Leucadia’s chairman, said in the statement. “We will miss him very much and hope his health issues will be completely and successfully resolved.”
After Leucadia bought Jefferies Group Inc. in 2013, Handler took over as chief executive officer of the parent company. Leucadia buys and sells stakes in other businesses across industries, similar to Warren Buffett’s Berkshire Hathaway Inc. The firm added $253 million to its investment in Philip Falcone’s Harbinger Group Inc. last month.