SALT LAKE CITY - PROG Holdings, Inc. (NYSE:PRG), a fintech holding company, announced the addition of Robert Julian and Daniela Mielke to its Board of Directors. This move comes as the company continues to leverage expertise in consumer retail, e-commerce, and digital payments to support its growth strategy.
Robert Julian, who recently retired as CFO of TheRealReal, Inc. (Nasdaq: NASDAQ:REAL), brings over three decades of financial experience in various industries to the board. His background includes significant roles at companies such as Sportsman's Warehouse (NASDAQ:SPWH) and Deluxe (NYSE:DLX) Entertainment Services Group. Julian also holds board positions at Shoals Technologies Group, Inc. (Nasdaq: SHLS) and Rayton Solar Inc.
Daniela Mielke is recognized for her more than 25 years in the digital payments and fintech sectors. She is the Managing Partner of Commerce Technology Advisors, LLC, and has previously held leadership positions at RS2 Inc., Vantiv, Inc., PayPal (NASDAQ:PYPL) Holdings, Inc., and Visa (NYSE:V) International. Mielke also serves on the boards of WisdomTree, Inc. (NYSE: WT) and Nuvei (TSX: TSX:NVEI and NVEI.U).
Ray Robinson, Chairman of PROG Holdings, highlighted the relevance of Julian's and Mielke's industry experience to the company's operations. Steve Michaels, President and CEO, expressed confidence that their track records in driving consumer engagement and business growth will benefit the company's strategy to grow, enhance, and expand.
The search for new board members was conducted by the executive search firm Heidrick & Struggles, under the guidance of the Board's Nominating, Governance and Corporate Responsibility Committee.
PROG Holdings, based in Salt Lake City, UT, is known for its transparent payment options through its subsidiaries, including Progressive Leasing, Vive Financial, Four Technologies, and Build. The additions to the board are expected to bolster the company's expertise as it focuses on its strategic pillars.
The information for this news article is based on a press release statement from PROG Holdings, Inc.
InvestingPro Insights
To complement the news of PROG Holdings' board additions, let's take a closer look at Nuvei (TSX: NVEI), where new board member Daniela Mielke also serves. Nuvei's financial metrics and market performance offer interesting insights into the fintech sector that PROG Holdings is navigating.
According to InvestingPro data, Nuvei has shown strong revenue growth, with a 33.23% increase over the last twelve months as of Q2 2024, reaching $1.31 billion. This robust growth is particularly relevant to PROG Holdings as it seeks to expand its fintech operations.
An InvestingPro Tip indicates that Nuvei's net income is expected to grow this year, which aligns with the positive outlook often sought in the fintech industry. This growth expectation could be a factor in attracting high-caliber board members like Mielke to companies in this sector.
Nuvei's stock has demonstrated impressive performance, with a one-year price total return of 83.76% as of the latest data. This strong market performance underscores the potential for growth and investor interest in the fintech space, which could be beneficial for PROG Holdings as it enhances its board expertise.
It's worth noting that InvestingPro offers additional tips and insights for Nuvei, with 7 more tips available to subscribers. These could provide further context for understanding the fintech landscape that PROG Holdings is part of.
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