Oportun Appoints Scott Parker to Its Board of Directors in Cooperation With Findell Capital
Oportun Appoints Scott Parker to Its Board of Directors in Cooperation With Findell Capital
Richard Tambor Appointed Board Observer, to Stand for Election at the Company's 2024 Annual Shareholder Meeting
SAN CARLOS, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) ("Oportun", or the "Company"), a mission-driven fintech, today announced the appointment of Scott Parker as a new independent director and Richard Tambor as an observer to Oportun's Board of Directors, each effective immediately. Tambor will stand for election to Oportun's Board of Directors at Oportun's 2024 annual shareholder meeting later this year. The appointments are in connection with a cooperation agreement (the "Agreement") the Company has entered into with Findell Capital Management LLC (together, with certain of its affiliates "Findell"). Findell is an investment firm that owns approximately 7.7% of Oportun's outstanding common shares.
"Oportun is dedicated to a thoughtful and continuous Board refreshment process and to identifying candidates who are established leaders with the right mix of skills, experience and unique perspectives to complement our Board," said Ginny Lee, Chair, Oportun Nominating, Governance and Social Responsibility Committee. "Today's announcement is reflective of Oportun's commitment to engaging constructively with shareholders. We look forward to leveraging Scott and Richard's deep knowledge in consumer finance and risk management to build on our ongoing momentum and enhance value for shareholders."
"The Board and management team will benefit from Scott and Richard's perspectives and contributions as we continue to focus on disciplined execution and driving profitable, sustainable growth," said Raul Vazquez, CEO of Oportun.
"Oportun has taken significant steps to reduce its cost structure and tighten its underwriting standards in the current environment, positioning the Company to enhance its profitability during 2024 and beyond," said Scott Parker. "I look forward to partnering with the Board and management team to support the ongoing execution of Oportun's strategic initiatives to drive value for shareholders."
"We appreciate the constructive engagement with Oportun's Board and management team and are pleased to have reached an agreement that adds additional proven leaders to the board room," said Brian Finn, Managing Member of Findell. "Scott and Rich have held C-suite roles at the best-in-class operators in the subprime consumer lending space. They know our Industry well and have helped lead organizations through various market and economic cycles. We have confidence that they will do the same at Oportun."
The Agreement contains customary standstill, voting, non-disparagement, and other provisions. A complete copy of the Agreement will be filed on Form 8-K with the U.S. Securities and Exchange Commission.
About Scott Parker
Scott Parker currently serves as Chief Financial Officer of NationsBenefits, LLC, a leading provider of supplemental benefits and fintech solutions to the healthcare industry. Previously, Mr. Parker served as Executive Vice President and Chief Financial Officer of Ryder System, Inc. (NYSE: R), and as Executive Vice President and Chief Financial Officer of OneMain Holdings, Inc. (NYSE: OMF). Mr. Parker has also served as Executive Vice President and Chief Financial Officer of CIT Group Inc. Mr. Parker currently serves on the Board of Directors of DailyPay, Inc., as Chairman of its Audit and Risk Committee. Mr. Parker earned a B.S. in Agricultural Economics from Cornell University.
About Richard Tambor
Richard Tambor previously served as the Executive Vice President and Chief Risk Officer at OneMain Holdings, Inc. (NYSE: OMF). Prior to OneMain, Mr. Tambor was the Senior Vice President and Chief Risk Officer of Retail Financial Services at JPMorgan Chase & Co. Mr. Tambor also served as the Managing Director at Novantas LLC, and was a Senior Advisor at Inductis, Inc. Mr. Tambor began his career at American Express Travel Related Services Co., Inc. (parent organization of American Express), where he rose to Chief Risk Officer of Small Business Services and served as President and General Manager of American Express Business Finance Corp. Mr. Tambor received a B.A. in Economics from The Hebrew University of Jerusalem, and an M.A. in Economics from New York University.
理查德·坦博爾被任命爲董事會觀察員,將在公司2024年年度股東大會上競選
加利福尼亞州聖卡洛斯,2024年4月22日(GLOBE NEWSWIRE)——以使命爲導向的金融科技公司Oportun(納斯達克股票代碼:OPRT)(“Oportun” 或 “公司”)今天宣佈任命斯科特·帕克爲新的獨立董事,理查德·坦博爾爲Oportun董事會觀察員,兩者均立即生效。坦博爾將在今年晚些時候的Oportun的2024年年度股東大會上競選Oportun董事會成員。這些任命與公司與Findell Capital Management LLC(以及其某些關聯公司 “Findell”)簽訂的合作協議(“協議”)有關。芬德爾是一家投資公司,擁有Oportun約7.7%的已發行普通股。
Oportun提名、治理和社會責任委員會主席Ginny Lee表示:“Oportun致力於深思熟慮、持續的董事會更新流程,並尋找具備適當技能、經驗和獨特視角的知名領導者候選人,以補充我們的董事會。”“今天的公告反映了Oportun對與股東進行建設性接觸的承諾。我們期待利用斯科特和理查德在消費金融和風險管理方面的深厚知識來鞏固我們的持續勢頭,提高股東的價值。”
Oportun首席執行官勞爾·巴斯克斯表示:“隨着我們繼續專注於嚴格的執行和推動盈利的可持續增長,董事會和管理團隊將受益於斯科特和理查德的觀點和貢獻。”
斯科特·帕克說:“在當前環境下,Oportun已採取重大措施來降低成本結構並收緊承保標準,使公司能夠在2024年及以後提高盈利能力。”“我期待與董事會和管理團隊合作,支持Oportun戰略計劃的持續執行,爲股東創造價值。”
芬德爾管理成員布萊恩·芬恩表示:“我們感謝與Oportun董事會和管理團隊的建設性互動,並很高興達成協議,爲董事會增加更多久經考驗的領導者。”“斯科特和裏奇曾在次級消費者貸款領域的一流運營商擔任過高管職務。他們非常了解我們的行業,並幫助組織度過了各種市場和經濟週期。我們有信心他們將在Oportun做同樣的事情。”
該協議包含慣常停頓、表決、不貶低和其他條款。該協議的完整副本將以表格8-K的形式提交給美國證券交易委員會。
關於斯科特·帕克
斯科特·帕克目前擔任NationsBenefits, LLC的首席財務官,該公司是醫療保健行業補充福利和金融科技解決方案的領先提供商。此前,帕克先生曾擔任萊德系統公司(紐約證券交易所代碼:R)的執行副總裁兼首席財務官,以及OneMain Holdings, Inc.(紐約證券交易所代碼:OMF)的執行副總裁兼首席財務官。帕克先生還曾擔任CIT集團公司的執行副總裁兼首席財務官。帕克先生目前在DailyPay, Inc. 的董事會任職,擔任其審計和風險委員會主席。Parker 先生擁有康奈爾大學農業經濟學學士學位。
理查德·坦博爾簡介
理查德·坦博爾曾在OneMain Holdings, Inc.(紐約證券交易所代碼:OMF)擔任執行副總裁兼首席風險官。在加入OneMain之前,坦博爾先生曾在摩根大通擔任零售金融服務高級副總裁兼首席風險官。坦博爾先生還曾在Novantas LLC擔任董事總經理,曾在Inductis, Inc.擔任高級顧問。坦博爾先生的職業生涯始於美國運通旅行相關服務有限公司(美國運通的母公司),在那裏他升任小型企業服務首席風險官並擔任美國運通商業金融公司總裁兼總經理。坦博爾先生擁有耶路撒冷希伯來大學經濟學學士學位,並有紐約大學經濟學碩士。
譯文內容由第三人軟體翻譯。
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