Management ChangeMay 19, 2026, 09:02 AM
Upstart Appoints Tim Wennes to Board; Jeff Huber Resigns
AI Summary
Upstart Holdings, Inc. announced the election of Tim Wennes to its Board of Directors, effective May 28, 2026. Mr. Wennes brings over 35 years of experience in the financial services industry, including serving as President and CEO of Santander Holdings USA. Concurrently, Jeff Huber will resign from the Board and the Nominating and Corporate Governance Committee, effective May 28, 2026, after five years of service. Mr. Huber's resignation was not the result of any disagreement with the company.
Key Highlights
- Tim Wennes elected as a Class I director to Upstart's Board, effective May 28, 2026.
- Mr. Wennes brings over 35 years of experience in financial services, including as President and CEO of Santander Holdings USA from 2019 to 2025.
- He previously held executive leadership roles at MUFG Union Bank and Countrywide Bank.
- Mr. Wennes is eligible for standard non-employee director compensation and equity awards.
- Jeff Huber will resign from the Board and the Nominating and Corporate Governance Committee, effective May 28, 2026.
- Mr. Huber's resignation was not due to any disagreement with the company or its operations.
Price Impact
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