– USA, TX – Elevate Credit, Inc. (NYSE: ELVT), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced the additions of Michael Pugh and Manolo Sanchez to its Board of Directors, effective immediately.
The company also announced several executive leadership appointments. These changes will help position Elevate to expand the reach of its new Blueprint platform, launch new products and strategic services to banks, while also creating lower APR offerings for its current suite of credit solutions.
“I am thrilled to announce several enhancements to the Elevate team at both the board and executive level,” said CEO, Jason Harvison. “Michael and Manolo bring a tremendous amount of knowledge and collective experiences to our Board, and we are confident they will help accelerate our growth.”
“I am equally as excited to announce our leadership changes at the executive level that will propel Elevate and its stakeholders,” said Harvison. “These new or expanded roles will allow us to focus Elevate’s platform on our core competencies and help deliver for both non-prime consumers and partners. I could not be prouder of this collective group and more excited for Elevate’s future.”
About Michael Pugh
Michael Pugh serves as CEO and Board Member of Carver Federal Savings Bank, one of the largest African-American operated banks in the United States. Pugh previously served as SVP, Regional Executive-Market President, at Capital One, and as SVP, Retail Banking, at Citizens Financial Group. Pugh has a deep knowledge of the financial sector and currently serves on the Board of Directors for Pursuit, formerly the New York Business Development Corporation. Pugh will assume a previously vacant board seat.
About Manolo Sanchez
Manuel “Manolo” Sanchez currently serves on the Board of Directors at Fannie Mae and Stewart Information Services. Previously, Sanchez served as Chairman and President of BBVA Compass. Sanchez has board experience with a large variety of technology and financial firms including OnDeck Capital, BanCoppel Mexico, the American Bankers Association, and the Institute of International Bankers. Sanchez is also an Adjunct Professor at the Jones Graduate School of Business at Rice University. Sanchez will assume a previously vacant board seat.
About Elevate
Elevate together with the banks that license its marketing and technology services, has originated $9.2 billion in non-prime credit to more than 2.6 million non-prime consumers to date and has saved its customers more than $8.5 billion versus the cost of payday loans. Its responsible, tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that can go down over time, free financial training, and free credit monitoring. Elevate’s suite of groundbreaking credit products includes RISE, Elastic, and Today Card.
For more information: https://www.elevate.com/
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