Newtek Business Services Corp. announced that effective as of July 3, 2017, the company has eliminated the position of Chief Information Officer, and has consolidated the CIO function within the company's Information Technology Department in Lake Success, NY. As a result of the foregoing elimination and consolidation, Nilesh Joshi, CIO, has left the Company effective July 3, 2017. In addition, the company has recently created the position of Director of Information Technology and retained Jesse H. Davis in this position.