PASADENA, Calif.--(BUSINESS WIRE)--Jun. 27, 2016--
Fulfilling its recent commitment to separate the Chairman and CEO roles,
Green Dot Corporation (NYSE: GDOT) (the “Company”) today announced the
appointment of William I Jacobs as Chairman of the Board of Directors
effective June 23, 2016.
Said Green Dot Founder, Director and CEO Steve Streit: "Bill has been a
terrific addition to our Board of Directors. As a long-tenured executive
in the payments space and an experienced board member, Bill brings
significant operational and governance expertise to our company and its
many stakeholders and we feel lucky to have him serving as our Chairman."
“I’m honored to have been selected by my fellow board members to serve
as Chairman of the Board of Green Dot Corporation," said Bill Jacobs.
“It is a very exciting time for Green Dot as the Company seeks to grow
its business and maximize shareholder value by providing millions of
Americans with low cost, high quality and easy-to-access financial
products and services."
Jacobs has served as the Chairman of the Board of Directors of Global
Payments, Inc., a payment processing services company, since June 2014.
He also served as Lead Independent Director of that company and as one
of its business advisors since August 2002. Prior to joining Global
Payments, Mr. Jacobs served as Managing Director and Chief Financial
Officer of The New Power Company. From 1995 to 2000, Mr. Jacobs served
in various senior roles at MasterCard International. Prior to
MasterCard, Mr. Jacobs served as Executive Vice President, Chief
Operating Officer of Financial Security Assurance, Inc., from 1984 to
1994. Mr. Jacobs previously served on the board of directors of Asset
Acceptance Capital Corp., Investment Technology Group, Inc., and
Alpharma, Inc.. He holds a B.S. degree in business administration from
The American University and a J.D. from The Washington College of Law of
The American University. He also previously served as Chairman of the
Board of Trustees at American University.
About Green Dot
Green Dot Corporation, along with its wholly owned subsidiaries, is a
pro-consumer financial technology innovator with a mission to provide a
full range of affordable and accessible financial services to the
masses. Green Dot is the largest provider of reloadable prepaid debit
cards and cash reload processing services in the United States. Green
Dot is also a leader in mobile technology and mobile banking with its
award-winning GoBank mobile checking account and a top 20 debit card
issuer among all banks and credit unions in the country. Through its
wholly owned subsidiary, TPG, Green Dot is additionally the largest
processor of tax refund disbursements in the U.S. Green Dot's products
and services are available to consumers through a large-scale
"branchless bank" distribution network of more than 100,000 U.S.
locations, including retailers, neighborhood financial service center
locations, and tax preparation offices, as well as online, in the
leading app stores and through leading online tax preparation providers.
Green Dot Corporation is headquartered in Pasadena, Calif., with
additional facilities throughout the United States and in Shanghai,
China.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160627005662/en/
Source: Green Dot Corporation
For Green Dot Corporation
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