New CEO
"IOU's new management structure lays the groundwork for growth and innovation," said
Gloer, who co-founded
Under the new structure, the Company's entire operations are streamlined under four areas of strategic focus:
- Strategy (overseeing sales, marketing and product innovation),
- Operations (overseeing technology, client services, and processing),
- Finance (overseeing financial operations, treasury management and reporting), and
- Risk Mitigation (overseeing underwriting, compliance and collections).
Gloer added: "Each of the leaders named today is highly capable and understands our clear mandate for change, and I look forward to partnering with them as we transform our business for the future."
Carl Brabander joins as Executive Vice President of StrategyJason Stevens joins as Vice President of Loss Mitigation- Sam Abolgar joins as Vice President of Finance (US)
Madeline Wade is appointed Executive Vice President of OperationsStewart Yeung is appointed Executive Vice President of FinanceJeff Turner is appointed Executive Vice President of Risk MitigationRichard Zapata is appointed Vice President of EngineeringLori Haygood is appointed Vice President of Compliance
The following leadership team members continue in their current roles:
David Kennedy continues as Chief Financial OfficerJoshua Zickefoose continues as Vice President of Sales and Strategy
"With this team in place
These new
About
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements. Forward looking statements are statements, other than statements of historical fact, that address or discuss activities, events or developments that IOU expects or anticipates may occur in the future. These forward looking statements can be identified by the use of words and phrases such as "anticipates", "believes", "estimates", "expects", "may", "plans", "projects", "should", "will", "intends", "seeks", "allows", "creates a path for", "puts in a position to" or the negative thereof or other variations thereon. These forward-looking statements are subject to and involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of IOU, including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the obtaining of the regulatory approval relating to the Offering, the uncertainty of obtaining additional financing, risks related to the Company's incapacity to execute on its business plan, dependence on third-party service providers, competition, dependence on key personnel, security and confidentiality risk, technological development risk, IT disruptions, maintenance of client relationships, and litigation risk. No assurance can be given that any of the events anticipated by such statements will occur or, if they do occur, what benefit IOU will derive from them. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. IOU does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise. Additional information concerning these and other factors can be found beginning on page 20 under the heading "Risks and Uncertainties" in IOU's management's discussion and analysis dated
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