The board of directors of Prosper Marketplace, the San Francisco, CA-based online marketplace for consumer credit, named David Kimball as Chief Executive Officer.
Kimball succeeds Aaron Vermut, who has served as the CEO of Prosper Marketplace since March 2014, with the appointment effective on December 1, 2016. Vermut will retain his seat on the company’s board of directors.
Kimball joined Prosper Marketplace in March 2016 as Chief Financial Officer. He was previously with USAA where he spent nine years overseeing a variety of finance functions including capital markets, treasury, accounting, and FP&A. Prior to USAA, Kimball spent ten years at Ford Motor Company and Ford Motor Credit Company in both the U.S. and U.K..
Launched in 2006 as the first marketplace lender in the US, Prosper Marketplace provides low, fixed-rate loans with no hidden fees or prepayment penalties and an app to enable people to stay on top of their money, credit and identity.