Kiavi Announces the Appointment of Four New Members to Its Board of Directors

Industry Veterans and Leaders Further Strengthen Company’s Board

SAN FRANCISCO–(BUSINESS WIRE)–Kiavi, one of the nation’s largest lenders to real estate investors (REIs), today announced the appointment of four new members to its board of directors: Will Grannis, chief technology officer of Google Cloud; Bradley Strock, independent director of Elevate Credit; Cathey Lowe, independent consultant and experienced chief financial officer; and C Scott Gibson, board member at Pixelworks, and Wireless Telecom Group.

The newly added board members bring a unique skill set and broad leadership experience in segments essential to Kiavi’s business and critical to helping the company scale.

“We are very excited about the caliber of these board appointments,” said Kiavi CEO Michael Bourque. “This is a distinguished group of leaders and each appointee brings their own unique perspective, expertise and experience to help us with our next phase of growth. On behalf of the board and the management team, we are honored to welcome them and look forward to their counsel and guidance to further strengthen our commitment to supporting real estate investors.”

Will Grannis, Google Cloud CTO, brings decades of experience building and leading, private and public businesses. At Google, Grannis built and leads the global CTO function, fosters collaborative innovation with top customers, and develops the long-term technology strategy. Prior to joining Google, Grannis was CTO at L-3 Technologies, General Manager for Advanced Technology at the Boeing Company, and an entrepreneur focused on leveraging the power of data, analytics and AI.

“I am thrilled to join the Kiavi board and play a role in helping the company further its mission,” said Grannis. “I look forward to working alongside my fellow board members to further strengthen and advance Kiavi’s offerings that benefit real estate investors as they revitalize neighborhoods across the country.”

Bradley Strock, an independent director at Elevate Credit, brings over 30 years of experience in helping companies grow through disruptive technologies and digital transformation. Throughout his career, he has led numerous business turnarounds, acquisitions, divestitures, and strategic growth initiatives. Prior to joining Elevate Credit, Strock served as global chief information officer at PayPal, where his broad responsibilities contributed to the payment company’s 10-year revenue growth rate of more than 20%.

“It’s an exciting time to join Kiavi’s Board of Directors and I look forward to contributing my experience and insights in the fintech space to further enhance Kiavi’s growth strategy,” said Strock.

Cathey Lowe, an experienced independent board director, brings three decades of experience working at Fortune 500 companies with an emphasis on corporate finance, capital markets, investor relations, mergers and acquisitions, and corporate accounting. She recently served as a member of the board at The New Home Company and is an active member of the National Association of Corporate Directors and co-chair of the Austin Chapter of Women Corporate Directors.

“With over two-thirds of U.S. homes over 30 years old, Kiavi is playing a critical role in helping real estate investors revitalize aged homes,” said Lowe. “I’m excited to join the Kiavi board as we work together to solve the unmet needs of real estate investors.”

C Scott Gibson, a technology industry veteran, has served on the boards of numerous private, and public companies, as well as nonprofits over the past 25 years. Gibson co-founded and served as president and Co-CEO of Sequent Computer Systems. He served multi-decade tenures on the boards of tech growth companies TriQuint semiconductor/Qorvo, Inc, and Pixelworks. He also spent 10 years on the nonprofit board of the Oregon Health and Sciences University Governing Board, the Olin College of Engineering, and currently serves on the non-profit boards of the Community Foundation of Jackson Hole and St. John’s Health.

“I am incredibly thrilled to join the Kiavi board and work with the leadership team, in a governance role, to continue to bring successful products and services to real-estate investors that help them throughout their real estate investment journey. Our country faces a chronic housing shortage, and Kiavi harnesses machine learning technology in financial product and service offerings that are making a meaningful contribution in helping our customers address this challenge at scale,” said Gibson.

About Kiavi

Founded in 2013, Kiavi, formerly known as LendingHome, is one of the largest lenders to real estate investors in the United States. With Kiavi’s data and innovative financing solutions, real estate investors are empowered to make informed decisions, close deals faster and realize the full potential of their real estate investment strategies. Kiavi is committed to helping customers revitalize approximately $25 trillion worth of aged U.S. housing stock and provide move-in ready homes and rental housing for millions of Americans1 across the country. For more information, visit www.kiavi.com, and follow us on Twitter. NMLS ID #1125207

1 This figure is based on data for the year 2019. We define “aged housing stock” as homes over 30 years old based on the original construction date. U.S. Census Bureau, American Housing Survey, 2019; see the section titled “Industry, Market and Other Data.”

Contacts

Fatima Afzal: fatima.afzal@kiavi.com
Cara McClenny: prforlendinghome@bospar.com