OneMain Holdings Announces Appointments of Jenny Osterhout as Chief Financial Officer and Micah Conrad as Chief Operating Officer

Rhea-AI Summary

OneMain Holdings, Inc. (OMF) appoints Jenny Osterhout as CFO and Micah Conrad as COO, effective March 31, 2024. Osterhout, previously Chief Strategy Officer, brings extensive finance and strategy experience from BNY Mellon and McKinsey. Conrad, current CFO, succeeds Rajive Chadha as COO. Chadha to transition to Senior Advisor role.

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today announced the appointments of Jenny Osterhout as the company's Chief Financial Officer (CFO) and Micah Conrad as the company's Chief Operating Officer (COO), both effective March 31, 2024. Osterhout currently serves as the company's Chief Strategy Officer, and Conrad currently is the company's CFO.

"Micah built a world class funding program and led disciplined financial management of OneMain during a period of growth and outstanding shareholder returns," said Doug Shulman, OneMain's Chairman and Chief Executive Officer. "He is an outstanding leader, and his long history with the company gives him a deep knowledge of OneMain and the nonprime consumer. In his new position he will continue to drive growth in our lending products and expand the ways we interact with our customers."

"Since Jenny joined OneMain she has been a key leader as we have evolved and matured the company, leading and executing a strategic process that has resulted in the expansion of our franchise into new products and channels, particularly credit cards and auto finance," Shulman said. "Her extensive background and experience in finance and strategy, along with her excellent track record as a strategic, results-oriented leader, will allow OneMain to continue to deliver industry-leading shareholder value."

Osterhout joined OneMain in January 2020 and has served as Chief Strategy Officer since November 2020. Before joining the company, she held a number of positions at BNY Mellon, including as CFO of its $1.2 trillion Investment Management Group, as well as Head of all BNY Corporate Development. Before her time at BNY Mellon, Osterhout worked for seven years at McKinsey & Company, including in its financial services practice.

Conrad joined OneMain in 2013 and has served as the Company's CFO since 2019. Prior to his time at OneMain, Conrad was a managing director at Citigroup and served in a variety of senior roles within Citi Holdings, Global Wealth Management and Institutional Clients Group.

Conrad will succeed the company's current COO, Rajive Chadha, who will step down on March 31, 2024, and transition to a Senior Advisor role. "I want to thank Rajive for his many contributions to OneMain at a time when the company transformed the way it serves customers," Shulman said. "Rajive has been a valued member of the executive team, and I wish him well in his transition and future endeavors."

About OneMain Holdings, Inc.
OneMain Financial (NYSE: OMF) is the leader in offering nonprime consumers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today's problems and reach a better financial future through personalized solutions available online and in 1,400 locations across 44 states. OneMain is committed to making a positive impact on the people and the communities we serve. For additional information, please visit www.OneMainFinancial.com.

Media Contact:
Kelly Ogburn, 410-537-9028
Kelly.Ogburn@omf.com

Investor Contact:
Peter R. Poillon, 212-359-2432
Peter.Poillon@omf.com

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SOURCE OneMain Holdings, Inc.

FAQ

Who are the newly appointed executives at OneMain Holdings, Inc. (OMF)?

Jenny Osterhout as Chief Financial Officer (CFO) and Micah Conrad as Chief Operating Officer (COO).

When will Jenny Osterhout and Micah Conrad assume their new roles at OneMain Holdings, Inc. (OMF)?

Both executives will take on their new positions effective March 31, 2024.

What is Jenny Osterhout's background prior to joining OneMain Holdings, Inc. (OMF)?

Before joining OneMain, Osterhout held positions at BNY Mellon, including CFO of its Investment Management Group and Head of BNY Corporate Development. She also worked at McKinsey & Company.

What is Micah Conrad's professional history before his time at OneMain Holdings, Inc. (OMF)?

Conrad was a managing director at Citigroup and held various senior roles within Citi Holdings, Global Wealth Management, and Institutional Clients Group.

Who is Micah Conrad succeeding at OneMain Holdings, Inc. (OMF)?

Micah Conrad is succeeding Rajive Chadha as Chief Operating Officer (COO) of the company.

What role will Rajive Chadha transition to at OneMain Holdings, Inc. (OMF)?

Rajive Chadha will transition to a Senior Advisor role within the company.