Atlanticus Announces Appointment of Denise Hales Harrod and Joann Jones to its Board of Directors

Rhea-AI Summary

Atlanticus Holdings Corporation (NASDAQ: ATLC) announced the appointment of Denise Hales Harrod and Joann Jones as independent Directors, expanding its Board to seven members. These additions aim to enhance the Board's skills and experiences, supporting Atlanticus in delivering financial solutions to over 90 million underserved consumers. Hales Harrod brings over 30 years of expertise in regulatory affairs, while Jones, a partner at BakerHostetler, has significant experience in real estate development. This strategic move is expected to facilitate growth and value creation for shareholders.

Positive

• The addition of two independent Directors enhances Board expertise and diversity.
• Denise Hales Harrod brings over 30 years of regulatory and financial experience.
• Joann Jones offers significant insights into real estate development and finance.

Negative

• None.

ATLANTA, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a technology-enabled financial services company, today announced the appointments of Denise Hales Harrod and Joann Jones, as new independent Directors to its Board of Directors. These appointments bring the Company’s total Board membership to seven.

Management Commentary
“We are excited to welcome Denise and Joann as new independent directors to the Atlanticus Board,” said David Hanna, Atlanticus’ Chairman and CEO. “They join Atlanticus at an exciting time as we continue to enable our bank partners to bring financial solutions to over 90 million consumers who are underserved by big banks. The addition of these Directors complements our Board of Directors' skills and experiences, and we are confident they will provide valuable perspectives as we continue to execute our strategy, help serve our bank partners and their customers and enhance value for all Atlanticus shareholders. We look forward to their contributions and leveraging their policy, legal and financial experience in furtherance of our growth in the coming years.”

Ms. Hales Harrod has more than 30 years of experience in government, regulatory, and international affairs; financial operations; communication; and diversity and inclusion. Since 2014, she has been an independent management consultant, advising financial services, energy services and commodity trading companies, including Accelerated Energy Services.  Ms. Hales Harrod has been recognized as a trailblazer in public policy and diversity and inclusion by various government, legislative, civic, and community organizations. She serves on the Children’s Healthcare of Atlanta Public Affairs Board and the Business Board of Advisors of various national policy, healthcare and community organizations. She holds a bachelor’s degree from The Pennsylvania State University.

Ms. Jones is a partner at BakerHostetler, one of the nation’s largest law firms, focusing on real estate development and finance in addition to serving as the Office Managing Partner for the Atlanta office.  Under her leadership, the office has grown significantly and was identified among the Fastest Growing Law Firms by the Atlanta Business Chronicle in 2017 and 2018. In addition to managing the Atlanta Office, Ms. Jones has served on the Steering Committee of the firm’s nationwide Women’s Committee (2017-2021) and the firm’s Strategic Planning Committee (2018-2019).

Prior to joining BakerHostetler, Ms. Jones was the Office Managing Partner of the Atlanta office of McKenna Long & Aldridge (now Dentons), a large international law firm.  She has more than 30 years’ experience in commercial real estate including assemblage, development, financing, leasing, and monetizing of real property assets.  Ms. Jones is active in her community, serving in leadership positions in a number of organizations.  Ms. Jones provides the Board with strategic insight in the areas of real estate, finance, and community affairs. She holds a bachelor’s degree from Chestnut Hill College and earned her J.D. from the University of Virginia School of Law.

About Atlanticus Holdings Corporation

Founded in 1996, our business utilizes proprietary analytics and a flexible technology platform to enable financial institutions to provide various credit and related financial services and products to the financially underserved consumer credit market. We apply the experience gained and infrastructure built from servicing over 17 million customers and $25 billion in consumer loans over our 24-year operating history to support lenders that originate a range of consumer loan products. These products include retail credit and general-purpose credit cards marketed through our omnichannel platform, including retail point-of-sale, direct mail solicitation, Internet-based marketing, and partnerships with third parties. Additionally, through its CAR subsidiary, Atlanticus serves the individual needs of automotive dealers and automotive non-prime financial organizations with multiple financing and service programs.

Contact:

Investor Relations
Adam Prior
Senior Vice President
The Equity Group Inc.
(212) 836-9606
aprior@equityny.com

Attachment

• Atlanticus New Board Members

FAQ

What recent changes occurred in Atlanticus Holdings Corporation's Board of Directors?

Atlanticus appointed Denise Hales Harrod and Joann Jones as new independent Directors, increasing the Board's total membership to seven.

What experience do the new Directors of Atlanticus Holdings bring?

Denise Hales Harrod has over 30 years in regulatory and financial operations, while Joann Jones specializes in real estate development and finance.

What is the significance of the new appointments for Atlanticus Holdings?

The new appointments aim to strengthen the Board’s capabilities to support growth and enhance shareholder value.

When were the new Directors appointed to Atlanticus Holdings?

Denise Hales Harrod and Joann Jones were appointed on January 27, 2021.