FORT WORTH, Texas – (COMMERCIAL THREAD) – Elevate Credit, Inc. (“Elevate”), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced the resignation of one of its members Board founders, Robert Johnson, end of his term, beginning at the 2021 Elevate Annual Shareholders’ Meeting. Mr Johnson plans to reduce his time commitments outside of RLJ Companies, the management company assets that he founded in 2002.
“We would like to thank Bob for his countless contributions to Elevate over the past nine years,” said Jason Harvison, President and CEO of Elevate. “Bob has brought incredible energy and insight to our business and has undoubtedly helped spur our growth and passion for solutions to underserved Americans.
Mr. Johnson joined the Elevate Board of Directors in 2012 and has served on the Nominating and Corporate Governance Committees.
Mr. Johnson is the Founder and Chairman of The RLJ Companies, an innovative business network that owns or holds interests in a diverse portfolio of companies in the areas of consumer financial services, private equity, real estate, hospitality, film production, games and car dealerships. . Prior to founding The RLJ Companies in 1980, Mr. Johnson founded Black Entertainment Television (BET) of which he was the Managing Director. In 2001, BET was acquired by Viacom Inc. and Mr. Johnson continued to serve as Managing Director until 2006. Mr. Johnson was named by USA Today as one of “25 CEOs. most influential of the last 25 years ”.
“I am incredibly proud to have been involved in the mission-oriented work of Elevate,” said Johnson. “Building a brighter future for credit-strapped Americans, especially in communities of color, is crucial and I look forward to seeing Elevate continue to create opportunity and foster financial freedom for underserved people. ”
About the elevation
Elevate (NYSE: ELVT) provides online lending solutions to consumers and banks in the United States who are not well served by traditional banking products and who are looking for alternatives to payday loans, title loans, pledges and installment loans in the window. Elevate and the banks that leverage its marketing expertise and license its technology services, have provided $ 8.8 billion in unprivileged credit to more than 2.5 million unprivileged consumers and enabled its customers save over $ 7.9 billion over the cost of payday loans. . Its responsible and technological online lending solutions provide immediate relief to today’s customers and help them build a brighter financial future. The company is committed to rewarding borrowers for good financial behavior with features such as interest rates that may decline over time, free financial education, and free credit monitoring. Elevate’s suite of revolutionary credit brands include RISE, Elastic, and Today Card. For more information, please visit http://www.elevate.com.