Open Lending Announces Changes to Board of Directors
02 Agosto 2023 - 5:17PM
Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the
“Company”), an industry trailblazer in lending enablement and risk
analytics solutions for financial institutions, announced today
changes to its Board of Directors (the “Board”). On July 27, 2023,
John J. Flynn stepped down as Chairman of the Board following over
20 years of service in that role. Mr. Flynn, a co-founder of the
Company as well as its former CEO, will remain as a non-employee
member of the Board, ensuring continuity and an orderly transition
of leadership.
The Board appointed Jessica Snyder as its new
Chairman. Ms. Snyder, an independent director, has served on the
Board since 2020 and has served as chair of the Audit Committee and
a member of the Nominating and Corporate Governance Committee.
“I am honored to have led this Company and Board
for over 20 years and am pleased to have Jessica take over as our
Chairman,” said Mr. Flynn. “She has a strong leadership background
in finance, risk, and insurance, and has been a valuable
contributor to the Board since she joined in 2020. I am proud of
the work we have done to position Open Lending for future success,
and I look forward to continuing to help the Company grow and
generate value for shareholders.”
In addition, the Company announced that the
Board has established an Innovation and Development Committee, the
primary purposes of which will be to facilitate streamlined
collaboration with management on its proposed growth initiatives
for the Company and ensure a smooth transition of the Chairman role
from Mr. Flynn to Ms. Snyder. The Board has appointed Mr. Flynn,
Blair J. Greenberg, and Thomas K. Hegge as members and Ms. Snyder
as chair of the Innovation and Development Committee.
“I would like to thank John for his many
contributions as Chairman,” said Ms. Snyder. “I look forward to
collaborating with him, the rest of the Board and management as we
continue to lead Open Lending into its next phase of growth.”
In connection with her appointment as Chairman
of the Board, Ms. Snyder stepped down from her position as chair of
the Audit Committee of the Board, and Eric A. Feldstein was
appointed chair of the Audit Committee. Ms. Snyder will remain a
member of the Audit Committee.
In addition, Mr. Greenberg stepped down as chair
of the Compensation Committee of the Board, and Shubhi Rao was
appointed chair of the Compensation Committee. Mr. Greenberg will
remain a member of the Compensation Committee.
About Open LendingOpen
Lending (Nasdaq: LPRO) provides loan analytics, risk-based
pricing, risk modeling and default insurance to auto lenders
throughout the United States. For over 20 years, we have been
empowering financial institutions to create profitable auto loan
portfolios with less risk and more reward. For more information,
please visit www.openlending.com.
Contact information: Investor Relations
Inquiries: openlending@icrinc.com
Source: Open Lending Corporation
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