Blend Bolsters its Board of Directors to Guide
Next Phase of Growth
Blend (NYSE: BLND), a leading provider of digital banking
solutions, is pleased that Bryan Sullivan and Eric Woersching have
been elected to its Board of Directors, at the Company’s annual
meeting of stockholders held on June 12, 2024.
As of June 12, 2024, Sullivan is serving as Chair of the Audit
Committee and member of the Compensation Committee, and Woersching
is serving as a member of the Audit Committee and Nominating and
Corporate Governance Committee.
“We’re thrilled to welcome Bryan Sullivan and Eric Woersching to
Blend’s Board of Directors,” said Nima Ghamsari, Chair of the Board
and Head of Blend. “Sullivan brings over 20 years of experience as
an executive, advisor, and operator in consumer lending and
identity intelligence businesses, and Woersching’s success advising
high-growth software companies will be invaluable as we continue to
bring innovative banking solutions to our customers and enhance
value for Blend’s shareholders.”
Sullivan currently serves as the Chief Operating Officer and
Chief Financial Officer of Identity Intelligence Group, a financial
intelligence company specializing in identity theft protection,
credit monitoring and financial education. Sullivan was also
Executive Vice President and Chief Financial Officer at loanDepot,
where he helped lead the company through several acquisitions,
capital financings and significant growth.
“Blend has taken several major steps over the last few years to
set the business up for long-term success,” said Sullivan. “With a
market-leading business, a stronger balance sheet, and a single
platform powering multiple types of originations and deposit
gathering, Blend now has the opportunity to drive much more
efficient growth and innovation for its customers. I have known
Blend and Nima since my early days at loanDepot and I am honored to
now become a member of the Board, and I look forward to helping
Blend build upon its strong foundation.”
Woershing has been a board member and chair of the audit
committee at Palantir Technologies since 2022. Prior to that, he
led corporate development at EasyPost, was a General Partner at
Initialized Capital, and was a portfolio manager and head trader at
Thiel Macro and Clarium Capital, from 2008 to 2016.
“Blend is the gold standard for digital banking technology for
financial institutions,” said Woersching. “By building a strong
reputation with many sophisticated financial institutions, I
believe they are uniquely positioned to lead the digital
transformation trend in banking. I look forward to partnering with
the Board and helping to maximize the opportunity ahead.”
These elections closely follow the appointment of Brian Sheth,
who joined Blend’s Board of Directors in April 2024, in connection
with a $150 million investment by Haveli Investments, and was also
elected by stockholders at the annual meeting. Mr. Sheth, Founder
of Haveli Investments, has nearly twenty-five years of experience
investing in technology businesses.
Along with Bryan Sullivan, Eric Woersching, and Brian Sheth,
Blend’s Board of Directors includes Timothy J. Mayopoulos, former
President and CEO of Fannie Mae; Erin Lantz, Chief Revenue Officer
of Ethos; Gerald Chen, General Partner at Greylock Partners. To
learn more about the Blend’s Board of Directors, visit
investor.blend.com/governance.
About Blend
Blend is the infrastructure powering the future of banking.
Financial providers—from large banks, fintechs, and credit unions
to community and independent mortgage banks—use Blend’s platform to
transform banking experiences for their customers. Blend powers
billions of dollars in financial transactions every day. To learn
more, visit blend.com.
Forward-Looking Disclaimer
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements generally relate to future events, future
performance or expectations and involve substantial risks and
uncertainties. Forward-looking statements in this press release may
include, but are not limited to, our expectations regarding our
market size and growth opportunities, macroeconomics and industry
conditions, capital expenditures, plans for future operations,
competitive position, technological capabilities and strategic
relationships, as well as assumptions relating to the foregoing.
The forward-looking statements contained in this press release are
subject to risks and uncertainties that could cause actual outcomes
to differ materially from the outcomes predicted. In some cases,
you can identify forward-looking statements by terminology such as
“may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,”
“would,” “intend,” “target,” “project,” “contemplate,” “believe,”
“estimate,” “predict,” “potential” or “continue” or the negative of
these terms or other comparable terminology that concern Blend’s
expectations, strategy, plans or intentions. You should not put
undue reliance on any forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results and will not necessarily be accurate indications of the
times at, or by which such performance or results will be achieved,
if at all. Further information on these risks and uncertainties are
set forth in our filings with the Securities and Exchange
Commission. All forward-looking statements in this press release
are based on information available to Blend and assumptions and
beliefs as of the date hereof. New risks and uncertainties emerge
from time to time, and it is not possible for us to predict all
risks and uncertainties that could have an impact on the
forward-looking statements contained in this press release. Except
as required by law, Blend does not undertake any obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future developments, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240618167792/en/
Chloé Demeunynck press@blend.com
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