Press Release

SoFi Announces Election of Peggy Alford and Magdalena Yeşil to its Board of Directors

SAN FRANCISCO, Calif. – July 3, 2018 – SoFi announced today the election of Peggy Alford and Magdalena Yeşil to its Board of Directors, effective today.

“We are very pleased to add Peggy and Magdalena to our Board,” said Tom Hutton, chairman of the Board. “Both bring significant experience and perspective from decades working at the intersection of finance and technology, and will help our Board and the management deliver on our mission of helping SoFi members achieve financial independence.”

“We have made significant progress this year in bringing aboard incredible talent at all levels of SoFi. Today is another step adding to our leadership” said Anthony Noto, CEO and board director. “Both Peggy and Magdalena not only share a passion for our mission and deep knowledge of fintech, but also for helping us build a world-class culture at SoFi.”

Ms. Alford is the Chief Financial Officer and Head of Operations for the Chan Zuckerberg Initiative. Previously she held positions at PayPal as CFO of Americas, Global Credit and Global Products and COO in the Asia Pacific region. Most recently, she served as the head of Human Resources-People Operations as well as the head of Cross-Border Trade for PayPal. She holds a Bachelor of Science degree in Accounting and Business Administration from Dayton University and is a Certified Public Accountant. She also serves on the board of directors of Macerich (NYSE:MAC).

“I am big believer in SoFi’s vision of providing people a better way of handling their finances, and I’m honored to be joining the Board,” said Ms. Alford. “I have tremendous respect for Anthony, his team and the other Board members, and I look forward to working with them.”

Ms. Yeşil is a founder, entrepreneur, and venture capitalist of many of the world’s top technology companies, including Salesforce, where she was the first investor and founding board member. She is a former general partner at U.S. Venture Partners, where she oversaw investments in more than thirty early-stage companies and served on the boards of many. A technology pioneer, Ms. Yeşil founded three of the first companies dedicated to commercializing Internet access, e-commerce infrastructure, and electronic payments. UUnet, CyberCash, and MarketPay earned her the Entrepreneur of the Year title from Red Herring in 1997. She is a founder of Broadway Angels, a group of female venture capitalists and angel investors. Ms. Yeşil is currently working on her fourth startup, DriveInformed, a technology company bringing trust and transparency to the auto finance industry. She also serves on the board of directors of Smartsheet (NYSE:SMAR) and Zuora (NYSE:ZUO).

“The way SoFi is changing the definition of service for members is unprecedented in financial services, and all the more powerful because it’s built from the ground up with technology at its core,” said Ms. Yeşil. “I look forward to working with SoFi’s leadership and team to keep pushing that change forward.”

Additionally, SoFi announced Board director David Chao is departing his role. Mr. Chao, the Co-Founder and General Partner at DCM Ventures, joined the Board in 2012.

About SoFi
SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.

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