Beneficient Appoints Karen J. Wendel to Board of Directors
Beneficient (BENF) has appointed Karen J. Wendel as an independent member of its Board of Directors effective November 21, 2024. Wendel, currently President and CEO of TrustChains, will serve on the Audit, Products and Related Party Transactions, and Enterprise Risk committees. She brings extensive experience in banking, technology M&A, cybersecurity, private equity, corporate governance, risk management, and blockchain/DeFi. With a background in Economics and International Relations, Wendel has served as CEO of four companies and has led major transformational projects across multiple industries, particularly in financial services and cybersecurity.
Beneficient (BENF) ha nominato Karen J. Wendel come membro indipendente del suo Consiglio di Amministrazione, con effetto dal 21 novembre 2024. Wendel, attualmente Presidente e CEO di TrustChains, farà parte dei comitati Audit, Prodotti e Transazioni con Parti Relazionate e Rischio Aziendale. Porta con sé una vasta esperienza in bancario, fusione e acquisizione di tecnologie, cybersicurezza, capitali privati, governance aziendale, gestione dei rischi e blockchain/DeFi. Con un background in Economia e Relazioni Internazionali, Wendel ha ricoperto il ruolo di CEO in quattro aziende e ha guidato importanti progetti di trasformazione in diversi settori, in particolare nei servizi finanziari e nella cybersicurezza.
Beneficient (BENF) ha nombrado a Karen J. Wendel como miembro independiente de su Junta Directiva, con efecto desde el 21 de noviembre de 2024. Wendel, actualmente Presidenta y CEO de TrustChains, formará parte de los comités de Auditoría, Productos y Transacciones con Partes Relacionadas y Riesgos Empresariales. Aporta una amplia experiencia en banca, fusiones y adquisiciones tecnológicas, ciberseguridad, capital privado, gobernanza corporativa, gestión de riesgos y blockchain/DeFi. Con una formación en Economía y Relaciones Internacionales, Wendel ha sido CEO de cuatro empresas y ha liderado importantes proyectos de transformación en múltiples industrias, particularmente en servicios financieros y ciberseguridad.
Beneficient (BENF)는 2024년 11월 21일부터 독립 이사로 Karen J. Wendel을 임명했습니다. 현재 TrustChains의 회장 겸 CEO인 Wendel은 감사, 제품 및 관련 당사자 거래, 기업 위험 위원회에서 활동하게 됩니다. Wendel은 은행, 기술 M&A, 사이버 보안, 사모펀드, 기업 거버넌스, 위험 관리 및 블록체인/DeFi 분야에서 폭넓은 경험을 가지고 있습니다. 경제학 및 국제 관계 분야의 배경을 가진 Wendel은 네 개의 회사에서 CEO로 활동했으며, 특히 금융 서비스 및 사이버 보안 분야에서 여러 산업에 걸쳐 중요한 변혁 프로젝트를 이끌어왔습니다.
Beneficient (BENF) a nommé Karen J. Wendel en tant que membre indépendant de son Conseil d'Administration, à compter du 21 novembre 2024. Wendel, actuellement Présidente et CEO de TrustChains, siégera aux comités Audit, Produits et Transactions avec Parties Liées, ainsi qu'aux Risques Entreprises. Elle apporte une vaste expérience en bancaire, fusions et acquisitions technologiques, cybersécurité, capital-investissement, gouvernance d'entreprise, gestion des risques et blockchain/DeFi. Avec un parcours en Économie et Relations Internationales, Wendel a été CEO de quatre entreprises et a dirigé d'importants projets de transformation dans divers secteurs, en particulier dans les services financiers et la cybersécurité.
Beneficient (BENF) hat Karen J. Wendel mit Wirkung vom 21. November 2024 als unabhängiges Mitglied seines Verwaltungsrats ernannt. Wendel, die derzeit Präsidentin und CEO von TrustChains ist, wird in den Ausschüssen für Prüfung, Produkte und Transaktionen mit verbundenen Parteien sowie für Unternehmensrisiken tätig sein. Sie bringt umfangreiche Erfahrungen in Bankwesen, Technologiefusionen und -übernahmen, Cybersicherheit, Private Equity, Unternehmensführung, Risikomanagement und Blockchain/DeFi mit. Mit einem Hintergrund in Wirtschaft und internationalen Beziehungen hat Wendel als CEO in vier Unternehmen gedient und bedeutende Transformationsprojekte in verschiedenen Branchen, insbesondere im Finanzdienstleistungs- und Cybersicherheitssektor, geleitet.
- Addition of board member with extensive experience in technology, cybersecurity, and financial services
- Strategic expertise in blockchain and DeFi space enhances company's digital capabilities
- Appointment strengthens corporate governance with experienced executive
- None.
DALLAS, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company, today announced the appointment of Karen J. Wendel as an independent member of the Company’s Board of Directors as of November 21, 2024. In addition to being an independent director, she was appointed to serve on the Audit, Products and Related Party Transactions and Enterprise Risk committees of the Board.
Ms. Wendel is the President and CEO of TrustChains, a boutique cybersecurity advisory firm based in San Francisco. She is an experienced executive with strong skills in banking, technology M&A, cybersecurity, private equity, corporate governance, risk management, and the emerging blockchain and DeFi space. Her strategic expertise provides unique decision-making skills for board-level strategic and tactical requirements. She has held executive and board roles in US and global private and public companies.
“We have identified a need for a board director with experience in the digital space,” said Beneficient’s CEO and Chairman Brad Heppner. “Karen fits that role perfectly as well as having significant experience counseling public and private companies and has served as CEO of four separate companies, which has provided her insight on blockchain technology for cybersecurity, asset management and other contexts. We are very honored to welcome her to the Beneficient Board.”
Ms. Wendel received Bachelor of Science degrees in Economics and International Relations from Brigham Young University. She has led major transformational projects across multiple geographies and industry segments that range from transaction processing to global cybersecurity and identity platforms to emerging technologies in the insurance, healthcare, and pharmaceutical arenas. She has played critical roles in the development and deployment of regulatory strategies for both banks and banking infrastructure players. She has guided private equity firms and their portfolio companies in developing strategies for the financial services, cybersecurity, and identity management segments.
About Beneficient
Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds − with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.
Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.
For more information, visit www.trustben.com or follow us on LinkedIn.
Investors
Contacts
Matt Kreps: 214-597-8200, mkreps@darrowir.com
Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
Investor Relations: investors@beneficient.com
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