Enova International, an online financial services company serving small businesses and consumers underserved by traditional banks, announced several planned changes to its Board of Directors.
Maria Veltre has joined Enova’s board, effective immediately. Her appointment adds extensive financial services, digital innovation, marketing, and customer experience expertise as Enova continues expanding its business and works toward completing its previously announced acquisition of Grasshopper Bank.
Veltre is an Operating Partner at Lightyear Capital, where she helps support the private equity firm’s portfolio companies. She also served as a director of Allworth Financial, a Lightyear Capital Fund V portfolio company.
Before joining Lightyear Capital, Veltre held senior leadership positions at several major financial institutions. She previously served as U.S. Head of Digital and Innovation at Santander US, where she focused on digital transformation and the development of customer-oriented banking capabilities.
Veltre also served as Chief Marketing Officer at Fifth Third Bank and as Chief Marketing Officer for Citi’s Small Business unit. Earlier in her career, she held senior marketing and digital positions at financial institutions including JPMorgan Chase.
Her experience spans digital banking, product innovation, marketing strategy, customer engagement, and the development of financial products for consumers and small businesses. In 2019, American Banker named Veltre one of its Women to Watch.
Veltre earned a Bachelor of Science in Economics from the University of Pennsylvania’s Wharton School and an MBA from New York University’s Stern School of Business.
Her appointment comes as Enova seeks to strengthen its position in technology-enabled financial services. The company uses analytics, machine learning algorithms, and proprietary technology to provide loans and financing to customers who may have limited access to traditional banking products.
Enova has provided approximately $70 billion in loans and financing to nearly 15 million customers during more than 20 years of operations. The company’s portfolio includes financial products designed for both small businesses and individual consumers.
Alongside Veltre’s appointment, William M. Goodyear and Mark McGowan have retired and resigned from Enova’s board as part of a planned board transition. Enova said the departures were not connected to any disagreement with the company, its management, or its operations.
The company credited Goodyear and McGowan with providing strategic guidance and oversight during their years of service. The transition is intended to refresh the board’s expertise while supporting Enova’s continued growth, acquisition strategy, and efforts to create value for customers, employees, communities, and shareholders.
KEY QUOTES:
“Maria has built an impressive career leading customer-centered businesses at some of the largest names in financial services. We are extremely pleased to welcome her to Enova’s Board. Her experience and perspective will be invaluable as we continue our growth, seek to complete our announced acquisition of Grasshopper Bank and deliver value to our shareholders, our customers, our employees and the communities we serve. On behalf of the Board, I want to express our deepest gratitude to Bill and Mark for their many years of service. Their strategic guidance and stewardship have been instrumental to our success. Enova is stronger from their contributions as Board members over the years, and we wish them the very best.”
David Fisher, Executive Chairman of the Board at Enova
