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Walter Investment says CFO will leave company

TAMPA, Fla. (AP) -- Walter Investment Management Corp. said Thursday that its chief financial officer, Charles Cauthen, is leaving the loan-servicing company early next year.

Cauthen is expected to step down in March 2014. Walter Investment will start searching for a successor. An email requesting further detail from the company was not immediately returned.

Cauthen originally started working at Walter Investment's former parent company, Walter Energy Inc., in November 2000. Walter Investment spun off from Walter Energy in April 2009.

Walter Investment is headquartered in Tampa, Fla. Its shares fell 73 cents, or 1.8 percent, to close at $40.58 Thursday before the announcement. Shares are down 5.7 percent in 2013.