Finance

OppFi Appoints Pamela Johnson as Chief Financial Officer

CHICAGO–(BUSINESS WIRE)–OppFi Inc. (NYSE: OPFI) (“OpFi” or the “Company”), a leading fintech platform that enables banks to help the everyday consumer access credit, today announced the appointment of Ms. Pamela (“Pam” ) Johnson as Chief Financial Officer of the Company.

Johnson joined OppFi as Chief Accounting Officer in 2021. Previously, she served as Chief Financial Officer for over 10 years at consumer finance companies Heights Finance Corporation and Pioneer Financial Services. Johnson also spent nine years in accounting at a major regional bank. She began her career in public accounting at KPMG.

Johnson will replace Mr. Shiven Shah, who served as the company’s chief financial officer for five years and helped bring OppFi to the public markets. Mr. Shah has agreed to play an advisory role until the end of the second quarter of 2022 to ensure a smooth transition.

“Pam has a proven track record in our industry and we believe her strategic and financial leadership experience will be invaluable to OppFi in her new role as CFO as we pursue our mission of financial inclusion,” said Todd Schwartz, Executive Chairman. and Chairman and CEO of OppFi. “Over the past year, Pam has been instrumental in leading and building our accounting department. »

“Shiven’s contributions to OppFi have been immeasurable, at a time of exceptional growth and our NYSE listing,” Schwartz continued. “Shiven has been a trusted partner and friend to the company for five years, and we are fortunate to have him leading OppFi’s finance organization. We wish him much success in his future endeavours. »

“I want to sincerely thank the Schwartz family for trusting me to be part of this incredible journey over the past five years,” Shah said. “I remain very excited about the future of OppFi and will continue to be a long-term supporter of the company. Having worked closely with Pam over the past year, I am confident that she will successfully lead the financial organization of the company in its next chapter. »

About OpFi

OppFi (NYSE: OPFI) is a leading financial technology platform that enables banks to help everyday consumers access credit. Through its unwavering commitment to customer service, OppFi helps consumers who are turned down by mainstream options improve their financial health. The company has been an Inc. 5000 company for six consecutive years, three times Deloitte’s Technology Fast 500™, and the seventh fastest growing company in Chicagoland in 2021 by Crain’s Chicago Business. The company was on Forbes America’s 2021 list of America’s Top Startup Employers and Built In Chicago’s 2022 Best Workplaces list. OppFi maintains an A+ rating from the Better Business Bureau (BBB) ​​and maintains a 4.8/5 star rating with over 19,000 online customer reviews, making it one of the best online financial platforms rated by customers. For more information, visit oppfi.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and the Section 21E of the Securities Exchange Act of 1934, as amended. OppFi’s actual results may differ from its expectations, estimates and projections and, accordingly, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “anticipate”, “intend”, “plan”, “may”, “will” , “could”, “should”, “believes”, “predicts”, “potential”, “possible”, “continues” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements include, but are not limited to, OppFi’s expectations regarding the future performance of OppFi’s platform and OppFi’s expectations regarding its growth. are based on OppFi’s current expectations and assumptions regarding future events and are based on currently available information regarding the outcome and timing of future events.These forward-looking statements involve significant risks and uncertainties that could cause actual results differ materially from results expected. Most of these factors are beyond OppFi’s control and are difficult to predict. Factors that could cause such differences include, but are not limited to: the impact of COVID-19 on OppFi’s business; the impact of stimulus or other government programs; whether OppFi will succeed in obtaining declaratory judgment against the Commissioner of the State of California Department of Financial Protection and Innovation; whether OppFi will be subject to AB 539; whether OppFi’s banking partners will continue to lend in California and whether OppFi’s funding sources will continue to fund the purchase of equity interests in loans issued by OppFi’s banking partners in California; the risk that the business combination will disrupt ongoing plans and operations; the ability to recognize the expected benefits of the business combination, which may be affected by, among other things, competition; OppFi’s ability to grow and manage growth profitably and retain its key employees; risks related to new products; concentration risk; costs related to the business combination; changes in applicable laws or regulations; the possibility that OppFi will be affected by other economic, business and/or competitive factors; risks related to managerial transitions; and other risks and uncertainties set forth from time to time in OppFi’s filings with the United States Securities and Exchange Commission, in particular, contained in the section(s) entitled “Risk Factors”. OppFi cautions that the foregoing list of factors is not exclusive and that readers should not place undue reliance on forward-looking statements, which speak only as of the date on which they were made. OppFi neither undertakes nor accepts any obligation or undertaking to publicly release updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances about which any such statement is made. based.