The board of directors of Lending Club (NYSE: LC), a San Francisco, CA-based online marketplace connecting borrowers and investors, named Scott Sanborn as CEO and President.
Hans Morris, who had assumed the temporary role of Executive Chairman, has assumed the role of Chairman of the Board of Directors.
Scott Sanborn is a six-year veteran of the company who previously held the roles of President, Chief Marketing Officer and Chief Operations Officer. Before joining Lending Club, he was the Chief Marketing and Revenue Officer for eHealth Insurance, a publicly traded ecommerce company.
Earlier roles included having been President of RedEnvelope, Inc., an e-commerce and catalogue retailer of upscale gifts, and Senior Vice President of Marketing for the Home Shopping Network, a television and internet retailer of consumer products.
He holds a BS from Tufts University.