Vroom has added two members to its board of directors, both with extensive backgrounds in the financial industry.
The new members are Paula Pretlow and Frederick Terrell, and Vroom chief executive officer, Paul Hennessy describes them as “two highly qualified executives with notable leadership experience at some of the world’s largest financial institutions.”
Pretlow is former senior vice president of The Capital Group, a $2.4 trillion privately held investment management firm. At that company, she led the public fund business development and client relationship group. For 10 years, she was responsible for large client relationships.
Before serving in that role, Pretlow worked for Montgomery Asset Management and Blackrock (formerly Barclays Global Investors). Her additional investment industry work includes fixed-income sales with First Boston Corp. (now Credit Suisse) in addition to work as a portfolio manager with RIEM (now AXA/Rosenberg).
Her career started at Wells Fargo Bank before she moved to GATX Capital. At GATX, she helped lead creation of a secondary market in capital equipment leases and portfolios.
Pretlow is an independent trustee and audit committee chair for Cion Ares Diversified Credit Fund, a member of the Ares Dynamic Credit Allocation Fund board of directors and audit committee, and a member of the Bitwise Industries board of directors. She currently serves on the board of trustees of The Kresge Foundation, The Harry and Jeanette Weinberg Foundation and Northwestern University.
She is a 2017 Fellow of Stanford’s Distinguished Careers Institute. Pretlow received the Aiming High Award from Legal Momentum, a legal advocacy organization dedicated to advancing the rights of women and girls. She occasionally co-teaches design thinking at the d.school at Stanford.
As for Terrell, his financial services sector career has spanned more than 25 years. Currently, he serves as a senior adviser with Centerbridge Partners, L.P., a multi-strategy private investment management firm.
Terrell is the former executive vice chairman of investment banking and capital markets at Credit Suisse, the global investment bank. He later served as senior adviser for that company. He was a member of Credit Suisse’s Investment Banking Committee, Managing Director Promotion Committee and the board of trustees of the Credit Suisse Americas Foundation.
Before his time at Credit Suisse, Terrell was founder and managing partner of Provender Capital Group LLC, which made private-equity investments in emerging growth-oriented companies.
He began his career as an associate with the First Boston Corp. in 1983.
Terrell currently serves on the board of directors of The Bank of New York Mellon Corp. and ViacomCBS Inc. He is a former board of directors member of the New York Life Insurance Company, Wellchoice, Inc. (formerly Empire Blue Cross Blue Shield) and Carver Bancorp Inc., where he served as chairman of the board. He is currently a member of the investment committee of the Rockefeller Foundation and a board of directors member of Mobility Capital Finance Inc., the Partnership Fund for New York City, and Planet Word Museum.
He is a member of the Economic Club of New York and the Council on Foreign Relations and is a former member of the University Council of Yale University and board of advisors for the Yale School of Management and chairman of the board of the Coro Foundation, New York Leadership Center.
Talking about Pretlow and Terrell, Hennessy said, “We welcome their experience and guidance as we continue to scale Vroom’s business.”
Source : AutoFinanceNews