IRVINE, Calif. and NEW YORK, Aug. 11,
2021 /PRNewswire/ -- Acorns Grow Incorporated ("Acorns"),
the saving and investing app that has helped its customers invest
more than $9.6 billion, has appointed
veteran finance executive, Rich
Sullivan, as Chief Financial Officer (CFO) ahead of its
expected public listing.
Acorns stands apart as a mission driven company that has earned the
trust of its more than 4M
subscribers.
Sullivan joins Acorns from Twitter where he led Corporate
Finance and FP&A. His extensive public company experience
spans two decades and includes roles in Corporate Finance,
Treasury, Merger & Acquisitions and Investor Relations. Prior
to Twitter, Sullivan held executive positions at STX Entertainment
and DreamWorks Animation where he served as the company's
Deputy CFO during his tenure. He has also held various roles at
AT&T.
"Rich brings a unique combination of expertise, vision, and
commitment to mission," said Noah
Kerner, CEO of Acorns. "Our next phase of growth as a
company will only be fueled by his leadership."
Sullivan added: "Acorns stands apart as a mission driven company
that has earned the trust of its more than 4M subscribers. They have become one of the most
impactful companies sitting at the cross section of technology,
financial services, and social responsibility. I look forward to
working with the team as we continue to empower more investors and
do so with their financial best interests in mind."
Jasmine Lee, who served a dual
role as Chief Operating Officer and Chief Financial Officer, was
instrumental in preparing Acorns for the public market, and will
focus her efforts on executing the Company's strategic plan and
overseeing the day to day operations as Chief Operating Officer.
Jasmine's vast experience includes managing PayPal's $2B
consumer product portfolio. Jasmine said: "I'm excited to welcome
Rich to the team as we continue building a multi-generational
company with operational scale to serve our fast-growing base of
customers."
Acorns puts the tools of wealth-making in everyone's hands by
making investing easy and accessible. Rooted in its mission to look
after the financial best interests of the up-and-coming, Acorns
serves over 4 million active customers. In May, the Company
announced its plans to go public through a definitive business
combination agreement with Pioneer Merger Corp. (NASDAQ:PACX)
("Pioneer"), a publicly traded special purpose acquisition
company.
Rich
Sullivan
Rich Sullivan
is the Chief Financial Officer of Acorns where he brings more than
two decades of experience in Corporate Finance, Treasury, Merger
& Acquisition and Investor Relations. Rich joined Acorns from
Twitter, where he served as Vice President of Corporate FP&A.
Prior to Twitter, he served as Chief Operating Officer—STX New
Media and Unscripted TV and Chief Financial Officer at STX
Entertainment and Deputy Chief Financial Officer at DreamWorks
Animation SKG, where he was responsible for leading FP&A,
M&A Strategy, Treasury and Investor Relations. He began his
career with roles at AT&T Corporation and Deutsche Bank
Securities. Rich earned a Masters in Business Administration from
Columbia University and a Bachelor of
Arts in Economics from Hamilton
College.
About Acorns
Acorns is how everyday consumers save
& invest for the long term. By putting the tools of
wealth-making in everyone's hands, Acorns has become the largest
subscription service in U.S. consumer finance, serving more than 4
million everyday Americans. Customers get automated long-term
investing in diversified portfolios, built with help from experts
like Nobel Laureate economist, Dr. Harry
Markowitz. Acorns easy retirement account allows customers
to save for a better life later in minutes, no expertise required.
To help everyone spend smarter, Acorns introduced banking that
invests with every swipe, and cash-forward rewards. And, everyday
Americans may invest in their kids and get money news they can use,
all from the same app. To date, customers have invested more than
$9.6 billion with Acorns, much of it
in spare change. From acorns, mighty oaks do grow!
Acorns is accessed simply and easily via the app for iPhone,
Android, or desktop.
Visit Acorns.com for more.
Press Contact
Jessica Schaefer
jessica@acorns.com
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SOURCE Acorns