Aspiration Introduces Tim Newell as Company’s First Chief Innovation Officer
04 Agosto 2022 - 2:00PM
Business Wire
The Clinton administration tech leader will
drive the development of the company’s next-generation
sustainability services amid promising growth
Aspiration, a global leader in Sustainability as a Service
solutions for consumers and companies, today announced that
technology and sustainability veteran Tim Newell has joined the
company as its very first Chief Innovation Officer. In this new
role, Newell – the former Deputy Director of the Office of Science
and Technology Policy under the Clinton administration – will be
focused on creating the next generation of Aspiration sustainable
financial services and offerings and providing leadership across
the company as it continues to see groundbreaking growth.
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Tim Newell, Aspiration Chief Innovation
Officer (Photo: Business Wire)
“Aspiration stands on the shoulders of the important work that
leaders like Tim have been doing at the intersection of finance,
technology, and sustainability for years,” said Andrei Cherny, CEO
and co-founder of Aspiration. “Climate change is more central in
our lives than ever before and with Tim’s unique experience across
these sectors, he is well poised to guide us in delivering
meaningful climate action solutions, from consumers to
enterprises.”
Following his time at the White House, Newell joined the
founding management team for venture capital fund DFJ Element, and
later co-founded New Resource Bank, the first U.S. commercial bank
dedicated to financing sustainable businesses. He also worked with
the U.S. Renewables Group as a senior advisor and managing director
before co-founding and becoming CEO of Common Assets, a fintech
focused on providing financing for clean energy development. Most
recently, Newell oversaw financial product design and development
for companies such as SolarCity, Tesla, and Better.com.
“Over the past 40 years, the global climate conversation has
evolved from nearly nonexistent to absolutely critical, making the
development and deployment of powerful climate solutions more
urgent than ever,” Newell said. “Companies like Aspiration, I
believe, are among the next generation of financial infrastructure
and services that will enable the massive shift in capital flows
necessary to build a more sustainable economy and world.”
Aspiration gives consumers and businesses the sustainability
tool to incorporate climate action into their daily lives and
operations in ways that are automated, simple, and enormously
powerful. Seven million consumer members have joined the movement
so far, while noteworthy partnerships with organizations including
the LA Clippers, Boston Red Sox, Deloitte, and Lime, among others,
reflect an eagerness to adopt effective climate solutions.
Newell has held several board member positions throughout his
career, including his current position on the Board of Directors
for the Common Mission Project, a non-profit education
organization, as well as the California Clean Energy Fund, Fulcrum
BioEnergy, and FFP New Hydro. He holds a BA degree in Economics
from Brown University.
Aspiration has entered into a merger agreement with InterPrivate
III Financial Partners Inc. (NYSE: IPVF), a publicly-traded special
purpose acquisition company, which, upon closing, will result in
Aspiration becoming a listed company as a Public Benefit
Corporation, building on Aspiration’s existing commitments to
generate social and public good and operate in a responsible and
sustainable manner.
About Aspiration Partners, Inc.
Aspiration is a leading platform to help people and businesses
put automated sustainable impact into their hands and integrate it
into their daily lives. Aspiration has earned the trust of its more
than 7 million members by helping them spend, save, shop, and
invest to both "Do Well" and "Do Good." Aspiration Partners, Inc.
is a certified B Corp. For more information, visit Aspiration.com
or Aspiration.com/business.
About InterPrivate III Financial Partners Inc.
InterPrivate III Financial Partners Inc., led by Chairman &
CEO Ahmed Fattouh, President Nicholaos Krenteras, and Vice Chairman
Sunil Kappagoda, is a blank check company whose business purpose is
to affect a business combination with one or more businesses in the
financial services or fintech sectors. InterPrivate III’s Board of
Directors includes globally recognized financial services leaders
including: former BankOneChairman, John McCoy; former Lucent and
Verifone Chairman, Rich McGinn; Pine Brook founder and former
Warburg Pincus Vice Chairman, Howard Newman; and fintech investor
Gordy Holterman.
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version on businesswire.com: https://www.businesswire.com/news/home/20220804005383/en/
Media Contacts Sehrish Sayani Aspiration
press@aspiration.com Aspiration Investor Relations
investors@aspiration.com InterPrivate III Financial Partners Inc.
Investor Relations Charlotte Luer ir@interprivate.com
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