NEW YORK, Nov. 15, 2018 /PRNewswire/ -- OnDeck® (NYSE:
ONDK), the leader in online lending to small business, announced
today that it has appointed Chandra
Dhandapani, Chief Digital & Technology officer of CBRE
Group and Manolo Sánchez, former CEO of BBVA Compass to its board
of directors.
"We are pleased and fortunate to have Chandra and Manolo join
our Board and look forward to their insights and contributions,"
said Noah Breslow, Chairman and
Chief Executive Officer, OnDeck. "Chandra and Manolo are proven
senior executive leaders with broad experience in reimagining how
technology can transform financial services at scale. I'm confident
they will have a meaningful impact as we continue to grow our
business at an accelerated pace."
New OnDeck Directors
Chandra Dhandapani, 51, is the
Chief Digital and Technology officer for the CBRE Group, Inc., the
largest real estate commercial services organization in the world.
She is responsible for digital strategy, data and all aspects of
technology globally, including infrastructure, cybersecurity and
product development for the company. Prior to joining CBRE in 2016,
Ms. Dhandapani served in senior technology roles at Capital One
Financial for 17 years, including acting as the Chief Information
Officer for Capital One's auto lending, mortgage, and home equity
lending businesses. She earned a BS in Mathematics and an MBA from
IRMA India. She also holds an MBA
in Information Systems from the University of
Texas at Arlington.
Manolo Sánchez, 53, is a member of Fannie Mae's board of
directors and an Adjunct Professor of Management at Rice University. He is the former Chairman,
President and CEO of BBVA Compass, one of the largest U.S.
commercial banks based on deposit market share. Under his
leadership from 2008 to 2017, BBVA Compass grew from 2,000 to more
than 10,000 employees and saw assets rise from $3 billion to more than $80 billion through the integration of six
acquisitions and $40 billion of
organic growth. Mr. Sánchez oversaw the bank's migration to a new
core banking system and pioneered the development of award winning
digital and mobile services. He holds a BA in Economics and
Political Science from Yale University,
an MS in International Relations from the London School of Economics and Political Science
and an MA in Advanced European Studies from the Collège
d'Europe of Bruges, Belgium.
Director Transitions
James Robinson III, OnDeck's lead
independent director, and David
Hartwig will be stepping down from the company's board of
directors, effective December 31,
2018. Dan Henson, former CEO
of GE Capital's lending and leasing business unit for the Americas
and former GE Chief Marketing Officer, will become OnDeck's lead
independent director at that time.
James Robinson III has served as
a member of OnDeck's board of directors since December 2007, and David
Hartwig has served as a member since December 2010. Both joined the board as a result
of their venture capital investments in OnDeck, through RRE
Ventures and Sapphire Ventures, respectively.
Beginning in 2019, Mr. Robinson will serve as an External Senior
Advisor to OnDeck.
"We are deeply grateful to Jim and Dave for their many years of
service and countless contributions to the OnDeck board," said
Breslow. "They have worked with us tirelessly since the inception
of the company, and they leave behind a tremendous record and
legacy of helping build OnDeck into the profitable and growing
publicly traded leader in online small business lending."
About OnDeck
OnDeck (NYSE: ONDK) is the proven leader in transparent and
responsible online lending to small business. Founded in 2006,
the company pioneered the use of data analytics and digital
technology to make real-time lending decisions and deliver capital
rapidly to small businesses online. Today, OnDeck offers a
wide range of term loans and lines of credit customized for the
needs of small business owners. The company also offers bank
clients a comprehensive technology and services platform that
facilitates online lending to small business customers through ODX,
a wholly-owned subsidiary. OnDeck has provided over $10 billion in loans to customers in 700
different industries across the United
States, Canada and
Australia. The company has an A+
rating with the Better Business Bureau and is rated 5 stars by
Trustpilot. For more information, visit www.ondeck.com.
Investor Contact:
Stephen
Klimas
OnDeck
sklimas@ondeck.com
(646) 668-3582
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SOURCE On Deck Capital, Inc.