The board of directors at FinTech OppFi Inc. on Monday (Feb. 28) named founder Todd Schwartz as chief executive officer, replacing Neville Crawley in that role.
Crawley, who became CEO Dec. 31, also stepped down as OppFi director, according to the company announcement.
“The OppFi Board of Directors is keenly focused on delivering value to all stakeholders while staying true to OppFi’s original mission of financial inclusion,” Lead Independent Director Jocelyn Moore said in the company announcement.
“As OppFi enters its next phase of growth, we believe Todd Schwartz is uniquely qualified to lead the Company as CEO,” she said. “We are grateful to Neville Crawley for his leadership and wish him well going forward.”
Schwartz will continue to serve as the chairman of the board in addition to his duties as CEO.
“I am thrilled to once again be CEO of OppFi and to build on OppFi’s success and drive forward our mission to empower millions of everyday consumers to build better financial health,” Schwartz said in the announcement.
“Having been a part of OppFi’s journey since founding the company in 2012, I am more confident now than ever in our growth opportunity and mission to unlock credit access for millions of consumers,” he said. “I believe in this company, in our dedicated team, and in our steadfast commitment to financial inclusion.”
Schwartz’s farther Ted is also a member of the OppFi board of directors. Since becoming OppFi’s executive chairman in 2015, Todd Schwartz has also served as managing partner of equity and investment firm Schwartz Capital Group and consumer growth equity firm, Strand Equity Partners.
OppFi plans to report its 2021 fourth-quarter and full-year financial results on March 10.
Crawley succeeded Jared Kaplan as OppFi CEO at the end of 2021. Kaplan remained as a member of the board of directors and will keep advising the company.