Wave of Management Changes Come to IOU Financial As it Ramps Up For the Future

Small business lender IOU Financial is undergoing one of the largest management shakeups of 2021. The company announced a slew of new hires and new roles for existing team members early this morning.

Joining the company are:

• Carl Brabander, EVP of Strategy
• Jason Stevens, VP of Loss Mitigation
• Sam Abolgar, VP of Finance (US)

New roles are as follows:

• Madeline Wade, EVP Operations
• Stewart Yeung, EVP of Finance
• Jeff Turner, EVP of Risk Mitigation
• Richard Zapata, VP of Engineering
• Lori Haygood, VP of Compliance

IOU founder Phil Marleau also recently completed his planned transition from CEO to an advisory role. President and COO Robert Gloer has taken over as CEO as previously announced.

The burst of change at IOU is perhaps unsurprising given that Neuberger Berman, an investment manger with $374B under management, acquired a 15% stake in the company last year.

“IOU’s new management structure lays the groundwork for growth and innovation,” Gloer said in a public statement. “With this team in place IOU Financial has never been in a better position to achieve rapid growth through innovation in the areas of technology, products and distribution.”

Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.