OneMain Holdings, Inc. Names Doug Shulman President and Chief Executive Officer
July 13 2018 - 8:00AM
Business Wire
Highly Experienced Financial Services
Executive to Lead the Nation’s Largest Personal Lending
Firm
OneMain Holdings, Inc. (NYSE: OMF) announced today that Doug
Shulman will become its next President and Chief Executive Officer.
Shulman succeeds Jay Levine who will remain Chairman of the Board.
Shulman is also expected to be appointed to OneMain’s Board of
Directors upon his start date, which is expected to occur within
the next 60 days.
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OneMain Holdings, Inc. Names Doug Shulman
President and Chief Executive Officer (Photo: Business Wire)
“Doug is a proven executive and uniquely capable of leading
OneMain into its next chapter. His experience managing large,
complex organizations and leveraging technology to drive
innovation, as well as his ability to work across a diverse group
of constituencies will be invaluable in helping OneMain position
the business for the long-term,” said Mr. Levine.
"I want to thank the board for their confidence in me as the
next leader of this outstanding company and its more than 10,000
team members. I look forward to continuing OneMain's commitment to
providing best-in-class products and service to its customers and
taking that commitment to the next level," said Mr. Shulman.
Shulman has had a distinguished career in the private and public
sectors. He joins OneMain from BNY Mellon, where he had been a
Senior Executive Vice President and Global Head of Client Service
Delivery, and a member of the Executive Committee. At BNY Mellon he
was responsible for key business operations and service delivery
areas that help clients conduct business, service assets, and
engage in transactions in 35 countries and more than 100 markets.
Prior to that, Doug was a Senior Advisor with McKinsey &
Company, where he advised clients in a variety of areas including
the public sector and financial services.
From 2008 to 2012 Shulman served as the Commissioner of the
Internal Revenue Service, where he was responsible for setting
strategy and managing diverse stakeholders. During his tenure at
the IRS, he transformed technology by modernizing the IRS’s core
account database, used data and analytics to improve service and
compliance, led global coordination of government tax authorities,
led historic breakthroughs in addressing international tax evasion
and executed key policy imperatives. Before the IRS, Shulman was
Vice Chairman of the Financial Industry Regulatory Authority
(FINRA) and its predecessor NASD, where he played a pivotal role in
a number of significant industry-transforming initiatives including
creating transparency in the US corporate bond market, divesting
the Nasdaq Stock Market and American Stock Exchange, modernizing
NASD technology and leading entry into new market segments. Earlier
in his career, Shulman was Vice President at Darby Overseas
Investments, a private investment firm and was also a part of the
original team that launched Teach for America, a national teachers
corps that places teachers in low-income communities.
Shulman holds a JD, magna cum laude from Georgetown Law Center,
an MPA from the John F. Kennedy School of Government at Harvard
University, and a BA from Williams College.
About OneMain Holdings, Inc.
OneMain Holdings, Inc. (NYSE: OMF), through its subsidiaries,
has been offering responsible and transparent loans for over 100
years. With more than 1,600 locations throughout 44 states, the
company is committed to helping people with their financial needs.
OneMain and its 10,000 team members are dedicated to the
communities where they live and work. For additional information,
please visit OneMainFinancial.com.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are not statements of historical
fact but instead represent only management’s current beliefs
regarding future events. By their nature, forward-looking
statements involve inherent risks, uncertainties and other
important factors that may cause actual results, performance or
achievements to differ materially from those expressed in or
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version on businesswire.com: https://www.businesswire.com/news/home/20180713005157/en/
OneMain Holdings, Inc.Investor Relations:Kathryn Miller,
475-619-8821Kathryn.Miller@omf.comorMedia:Katie Kempner,
305-467-6338Katie@kempnercommunications.com
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