SALT LAKE CITY, May 11, 2021 /PRNewswire/ -- PROG Holdings,
Inc. (NYSE:PRG), the fintech holding company of Progressive
Leasing, a leading provider of in-store and e-commerce lease-to-own
solutions, and Vive Financial, which offers omnichannel second-look
revolving credit products, announced today that James P. Smith has been appointed to its Board
of Directors.
"Jim brings an impressive track record of deep financial
services and operational expertise as a leader in leveraging
digital platforms and emerging technologies, which will be highly
additive to our Board," said Ray
Robinson, Chairman of PROG Holdings.
"We're pleased to welcome Jim as a new independent director,"
said Steve Michaels, PROG Holdings'
President and Chief Executive Officer. "Jim is joining our Board at
an exciting time in our Company's history and I'm looking forward
to working with him as we continue to develop and advance our
strategic roadmap and execute on our growth initiatives as an
asset-light, technology-driven provider of lease-to-own and
buy-now, pay-later solutions."
In connection with Mr. Smith's appointment, the Company's Board
of Directors engaged in a thorough and deliberate process that was
led by the Board's Nominating and Corporate Governance Committee.
The Committee engaged executive search firm Spencer Stuart to
assist it with conducting a nationwide search for potential
director candidates, ensuring each candidate possessed the
necessary skills and experiences to match the Company's strategic
direction.
About Jim Smith
Jim Smith is a seasoned leader
and pioneer in digital, data, and financial services. Over the past
30 years, Jim has been at the forefront of leveraging technology
and data in innovative ways and in developing new products. He
helped create the first ever internet banking offering in 1995 and
led development of many other industry firsts including mobile
banking, Apple Pay, and Zelle, a digital payments network
started by a consortium of U.S. banks, including Bank of America,
JPMorgan Chase, and Wells Fargo,
and now owned by Early Warning Services. Most recently, Jim served
on the Wells Fargo Management Committee as the Executive Vice
President and Head of Wells Fargo Virtual Channels, where he was
responsible for enterprise digital strategy, capabilities, and
channels along with enterprise responsibility for retail contact
centers (phone, email, chat). Over his career at Wells Fargo, Jim
held a variety of executive positions, including as head of
Enterprise Data & Analytics and as head of the Enterprise
Patent Office.
About PROG Holdings, Inc.
PROG Holdings, Inc. (NYSE:PRG) is a fintech holding company
headquartered in Salt Lake City,
UT, that provides transparent and competitive payment
options to credit-challenged consumers. The company owns
Progressive Leasing, a leading provider of in-store, e-commerce,
and app-based point-of-sale lease-to-own solutions, and Vive
Financial, an omnichannel provider of second-look revolving credit
products. Progressive Leasing has helped millions of consumers
acquire furniture, appliances, jewelry, electronics, mattresses,
cell phones and other large-ticket products consumers need by
utilizing a technology-based proprietary platform that provides
instant decisioning results. Vive Financial offers consumers who
may not qualify for traditional prime lending products a variety of
second-look, revolving credit products originated through federally
insured banks, including private label and Vive-branded credit
cards. More information on PROG Holdings' companies can be found on
their websites, https://progleasing.com and
https://vivecard.com.
![PROG Holdings, Inc. logo (PRNewsfoto/PROG Holdings, Inc.) PROG Holdings, Inc. logo (PRNewsfoto/PROG Holdings, Inc.)](https://mma.prnewswire.com/media/1483267/PROG_Holdings_Logo.jpg)
View original content to download
multimedia:http://www.prnewswire.com/news-releases/prog-holdings-appoints-james-p-smith-to-board-of-directors-301288572.html
SOURCE PROG Holdings, Inc.