On Tuesday, SoFi announced the election of Peggy Alford and Magdalena Yeşil to its Board of Directors. According to the online lender, Alford is the Chief Financial Officer and Head of Operations for the Chan Zuckerberg Initiative. Previously she held positions at PayPal as CFO of Americas, Global Credit and Global Products and COO in the Asia Pacific region. Most recently, she served as the head of Human Resources-People Operations as well as the head of Cross-Border Trade for PayPal.
Meanwhile, Yeşil is a founder, entrepreneur, and venture capitalist of various technology companies, including Salesforce, where she was the first investor and founding board member. She is a former general partner at U.S. Venture Partners, where she oversaw investments in more than thirty early-stage companies. Speaking about the new board members, Tom Hutton, Chairman of SoFi’s Board, stated:
“We are very pleased to add Peggy and Magdalena to our Board. Both bring significant experience and perspective from decades working at the intersection of finance and technology, and will help our Board and the management deliver on our mission of helping SoFi members achieve financial independence.”
Anthony Noto, CEO and Board Director of SoFi, shared:
“We have made significant progress this year in bringing aboard incredible talent at all levels of SoFi. Today is another step adding to our leadership. Both Peggy and Magdalena not only share a passion for our mission and deep knowledge of fintech, but also for helping us build a world-class culture at SoFi.”
Alford also revealed:
“I am big believer in SoFi’s vision of providing people a better way of handling their finances, and I’m honored to be joining the Board. I have tremendous respect for Anthony, his team and the other Board members, and I look forward to working with them.”
Yeşil then commented:
“The way SoFi is changing the definition of service for members is unprecedented in financial services, and all the more powerful because it’s built from the ground up with technology at its core. I look forward to working with SoFi’s leadership and team to keep pushing that change forward.”
SoFi went on to add that Board director David Chao is departing his role. Chao, who is also Co-Founder and General Partner at DCM Ventures, joined the lender’s board in 2012.