SoFi EVP & President of SoFi Bank Chad Borton resigns; Paul Mayer to assume bank presidency

SoFi Technologies, Inc.

Chad Borton (EVP, Group Business Unit Leader, Lending & President of SoFi Bank) resigns effective April 12, 2024.
Resignation not due to any dispute with the company; he is leaving to pursue other opportunities.
Paul Mayer, current VP of SoFi Bank and board member, will assume Borton's role as President of SoFi Bank.
Company is conducting a search for a permanent replacement for Borton's other duties and responsibilities.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Paul Mayer

President of SoFi Bank

SOFI · SoFi Technologies, Inc.

Effective: 2024-04-12
Filed: March 26, 2024, 7:59 PM ET

Mr. Borton's duties and responsibilities as President of SoFi Bank will be assumed by Paul Mayer

Departed

Chad Borton

Executive Vice President and Group Business Unit Leader, Lending & President, SoFi Bank, N.A.

SOFI · SoFi Technologies, Inc.

Effective: 2024-04-12
Successor: Paul Mayer
Filed: March 26, 2024, 7:59 PM ET

Mr. Chad Borton, Executive Vice President and Group Business Unit Leader, Lending & President, SoFi Bank, N.A., provided notice of his intention to resign from his positions with SoFi Technologies, Inc. (the "Company") and SoFi Bank, N.A. ("SoFi Bank"), effective April 12, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Paul Mayer was appointed as President of SoFi Bank at SoFi Technologies, Inc..

Action: assumed
Role: President of SoFi Bank

Exact text from the filing

Mr. Borton's duties and responsibilities as President of SoFi Bank will be assumed by Paul Mayer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Chad Borton resigned as Executive Vice President and Group Business Unit Leader, Lending & President, SoFi Bank, N.A. at SoFi Technologies, Inc..

Action: resigned
Role: Executive Vice President and Group Business Unit Leader, Lending & President, SoFi Bank, N.A.

Exact text from the filing

Mr. Chad Borton, Executive Vice President and Group Business Unit Leader, Lending & President, SoFi Bank, N.A., provided notice of his intention to resign from his positions with SoFi Technologies, Inc. (the "Company") and SoFi Bank, N.A. ("SoFi Bank"), effective April 12, 2024.

View on SEC.gov

SoFi Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001818874-24-000080

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