LendingClub Corporation announced that Faiz Ahmad and Kathryn Reimann will join as the newest members of its Board of Directors, effective August 15, 2022. LendingClub also announced that Patricia McCord has decided that, after almost five years on the Board of Directors, she will resign effective September 30, 2022. Mr. Ahmad has more than two decades of expertise in leveraging technology to transform the customer experience for large consumer brands.

He was CEO, Direct to Consumer at Optum, a subsidiary of United Health Group, and has also held leadership positions at Apple and Delta Airlines. He will serve on the Board's Compensation Committee, Nominating and Corporate Governance Committee, and Operational Risk Committee. Ms. Reimann spent more than two decades as a Chief Compliance Officer, most recently at Citibank, NA and before that, at American Express, and has advised other financial services and fintech companies on compliance risk management, bank regulatory and governance issues.

Currently, she is an Adjunct Professor and Senior Fellow in the Program on Corporate Compliance & Enforcement at New York University School of Law, a regulatory advisor to Hummingbird Regtech and a Senior Advisor at Oliver Wyman. She will serve on the Board's Audit Committee, Credit Risk and Finance Committee and Operational Risk Committee.