Lending Club Appoints New CFO from Charles Schwab (NASDAQ: SCHW)
Lending Club, a company which operates a peer to peer lending marketplace, has appointed former Charles Schwab (NASDAQ: SCHW) executive Carrie Dolan as its new chief financial officer.
“We have assembled an executive team of innovators who are passionate about transforming industries, and Carrie is an ideal fit. Her financial experience at a leading financial services company will be an asset to Lending Club as we continue to grow and offer new services,” said Renaud Laplanche, CEO of Lending Club.
Dolan will be responsible for Lending Club’s overall financial management. She previously worked at Charles Schwab as a senior vice president. She was also previously CFO of Schwab Bank, which she helped launch in 2003. In 2007, Dolan restructured Schwab’s capital position and managed the company’s capital and liquidity positions throughout the financial crisis.
“I’m excited to join the Lending Club team,” Dolan said. “The company has quickly established itself as an innovator and leader within the new generation of financial services providers, and I look forward to helping it manage the next stage of its growth.”
Before working at Schwab, she Dolan had worked in a number of positions at Chevron (NYSE: CVX) in financial analysis, management, reporting, accounting and credit. During her time at Chevron, she helped launch Chevron Credit Bank, where she was a member of its board of directors and served as its CFO. Dolan has a B.A. in Finance and an MBA from the Haas School of Business at the University of California, Berkeley.
Lending Club is a company which operates a peer to peer lending marketplace that it allows its members to take out loans which are funded by other members. Lending Club boasts that its investors have earned an annualized rate of return of 9.5% since 2007.