Oportun Appoints Two New Independent Members to Board of Directors
Oportun Financial Corporation (NASDAQ:OPRT) is expanding its Board of Directors from seven to nine members with the addition of Ginny Lee and Sandra Smith, effective September 1, 2021. Lee brings extensive experience from Khan Academy and Intuit, while Smith has a background as Chief Financial Officer at Segment and finance roles at Twilio. The appointments enhance the board’s diversity, with six of nine members identifying as women or people of color. Both new members are expected to prioritize shareholder and stakeholder interests.
- Board expansion to nine members allows for diverse perspectives.
- New directors bring extensive operational and financial experience.
- Board diversity includes six members identifying as women or people of color, supporting inclusive governance.
- Concerns about continuity and experience gaps with new board members.
SAN CARLOS, Calif., July 12, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT), a financial services company and digital platform that provides hard working people with responsible, affordable, and credit-building alternatives to payday and auto-title loans, today announced the addition of two new independent board members to its Board of Directors.
Effective as of September 1, 2021, the appointments expand Oportun’s board from seven to nine members with the additions of Ginny Lee and Sandra Smith.
Ms. Lee recently served as the President and Chief Operating Officer of Khan Academy, a globally-recognized non-profit online education technology organization with a mission of providing a free, world-class education for anyone, anywhere. Prior to Khan Academy, Ms. Lee spent more than 17 years at Intuit, where she held multiple senior operational and technical roles, including Senior Vice President and General Manager of Intuit's
Ms. Smith previously served as Chief Financial Officer for Segment, which was acquired by Twilio. Prior to Segment, Ms. Smith was the Vice President of Finance at Twilio, helping to lead the company through a successful IPO. Ms. Smith has also held senior financial roles at Akamai Technologies and has practiced as outside corporate counsel for multiple public and venture-back companies.
“After conducting an extensive search, our committee unanimously recommended Sandy and Ginny to the Oportun board. We’re confident that they will be outstanding independent directors, making the interests of our shareholders and stakeholders a priority,” said Aida Alvarez, Chair, Oportun Nominating, Governance and Social Responsibility Committee.
“Ginny and Sandy bring a wealth of experience to our boardroom, and I have enjoyed getting to know them throughout the recruitment process,” said Raul Vazquez, CEO of Oportun. “Our entire board has been impressed with the diverse skillsets and perspectives that both of our new members possess, and we look forward to relying on their insight, inquisitiveness, instinct, and expertise in the years to come.”
With these additions, Oportun’s corporate board now includes six of nine members who identify as either a woman or person of color.
About Oportun
Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to provide responsible consumer credit to hardworking people. Using A.I.-driven models that are built on 15 years of proprietary customer insights and billions of unique data points, Oportun has extended more than 4 million loans and over
Investor Contact
Nils Erdmann
650-810-9074
ir@oportun.com
Media Contact
George Gonzalez
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george.gonzalez@oportun.com
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