The board of administrators at FinTech OppFi Inc. on Monday (Feb. 28) named founder Todd Schwartz as chief govt officer, changing Neville Crawley in that position.
Crawley, who grew to become CEO Dec. 31, additionally stepped down as OppFi director, based on the corporate announcement.
“The OppFi Board of Administrators is keenly centered on delivering worth to all stakeholders whereas staying true to OppFi’s authentic mission of monetary inclusion,” Lead Impartial Director Jocelyn Moore mentioned within the firm announcement.
“As OppFi enters its subsequent part of development, we imagine Todd Schwartz is uniquely certified to steer the Firm as CEO,” she mentioned. “We’re grateful to Neville Crawley for his management and want him nicely going ahead.”
Schwartz will proceed to function the chairman of the board along with his duties as CEO.
“I’m thrilled to as soon as once more be CEO of OppFi and to construct on OppFi’s success and drive ahead our mission to empower hundreds of thousands of on a regular basis customers to construct higher monetary well being,” Schwartz mentioned within the announcement.
“Having been part of OppFi’s journey since founding the corporate in 2012, I’m extra assured now than ever in our development alternative and mission to unlock credit score entry for hundreds of thousands of customers,” he mentioned. “I imagine on this firm, in our devoted group, and in our steadfast dedication to monetary inclusion.”
Schwartz’s farther Ted can also be a member of the OppFi board of administrators. Since turning into OppFi’s govt chairman in 2015, Todd Schwartz has additionally served as managing associate of fairness and funding agency Schwartz Capital Group and client development fairness agency, Strand Fairness Companions.
OppFi plans to report its 2021 fourth-quarter and full-year monetary outcomes on March 10.
Crawley succeeded Jared Kaplan as OppFi CEO on the finish of 2021. Kaplan remained as a member of the board of administrators and can maintain advising the corporate.