Hercules Adds Highly Regarded Former Commercial Banking Executive, Doreen Woo Ho to Its Board of Directors
25 October 2016 - 9:00PM
Business Wire
Hercules Capital, Inc. (NYSE:HTGC) (“Hercules” or the
“Company”), the leading specialty finance company to innovative,
venture growth, pre-IPO and M&A stage companies backed by
leading venture capital firms, today announced that effective
October 22, 2016, Doreen Woo Ho, highly regarded former commercial
banking executive, was appointed to the Hercules board of
directors. Ms. Woo Ho brings over 35 years of commercial and
consumer banking operating experience, and is a seasoned and
nationally recognized executive with general management and
executive leadership skills.
Ms. Woo Ho will serve on the Compensation Committee.
“As Hercules continues to grow, it is important that we continue
to add highly experienced and qualified independent board members,”
said Manuel A. Henriquez, chairman and chief executive officer of
Hercules. “We are pleased to welcome Ms. Doreen Woo Ho to our
board. I have every confidence that Doreen’s outstanding wealth of
banking experience will only expand and strengthen our already
strong board of independent board members, and that she will make
many contributions to Hercules’ future success given her seasoned
senior executive experience.”
Ms. Woo Ho is a retired senior executive who has held top
management roles at some of the largest commercial banks in
America, including Wells Fargo Bank, Citibank and United Commercial
Bank. In 2009, she was President, CEO and Board Member of United
Commercial Bank, a leading Asian community and commercial bank
headquartered in San Francisco, with assets over $12.7 billion.
From 1998 to 2008, Ms. Woo Ho served as President of the Consumer
Credit Group at Wells Fargo Bank. Prior to Wells Fargo, she served
as Sr. Vice President of National Business Banking, US Consumer
Bank and other multiple positions in corporate and consumer lending
at Citibank from 1974 to 1998.
Ms. Woo Ho currently serves as an independent Director for U.S.
Bank, the fifth largest commercial bank in the US. She has also
been serving as Commissioner of the Port of San Francisco since
2011 and on the Board of Directors of the San Francisco Opera since
1992.
Ms. Woo Ho was ranked among the top five in 2007 and recognized
consecutively on the list from 2003 to 2007 for the 25 Most
Powerful Women in Banking by US Banker Magazine. In addition, she
was also recognized from 2003 to 2009 on the list of the Bay Area
100 Most Influential Women by the San Francisco Business Times.
Ms. Woo Ho received her Bachelor of Arts in History from Smith
College and her Master of Arts in East Asian Studies from the
School of International and Public Affairs at Columbia
University.
Boardspan Inc. advised Hercules Capital in her appointment.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”) is the leading
and largest specialty finance company focused on providing senior
secured venture growth loans to high-growth, innovative venture
capital-backed companies in a broad variety of technology, life
sciences and sustainable and renewable technology industries. Since
inception (December 2003), Hercules has committed more than $6.3
billion to over 360 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing. Companies interested in learning more about financing
opportunities should contact info@htgc.com, or call
650.289.3060.
Hercules’ common stock trades on the New York Stock Exchange
(NYSE) under the ticker symbol "HTGC."
In addition, Hercules has three outstanding bond issuances
of:
- 7.00% Unsecured Notes due April 2019,
NYSE listed under the symbols “HTGZ,”
- 7.00% Unsecured Notes due September
2019, NYSE listed under the symbols “HTGY,” and
- 6.25% Unsecured Notes due July 2024,
NYSE listed under the symbols “HTGX.”
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Hercules Capital, Inc.Michael Hara, 650-433-5578 HT-HNInvestor
Relations and Corporate Communicationsmhara@htgc.com
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