Snap Finance Appoints Ted Saunders as New CEO, Succeeding Founder Matt Hawkins
Ted Saunders, CEO, Snap Finance - Effective January 1, 2025 ● Photo Credit:
SALT LAKE CITY, November 4, 2024 (VSNewsNetwork.com) - Financial services company, Snap Finance, has announced Ted Saunders will succeed Matt Hawkins as Chief Executive Officer. Hawkins, the company’s founder and current CEO, will transition to Executive Chairman, with Saunders expected to fully assume the CEO role by January 1, 2025.
Hawkins founded Snap Finance in 2012 and, under his leadership, the company has expanded to more than 900 employees, providing financing solutions to over 5 million consumers. Moving into the Executive Chairman role, Hawkins will continue to oversee Snap’s strategic direction and focus on new initiatives.
Hawkins, reflecting on the appointment, stated, “With a proven track record of successfully leading other financial services companies over the years, Ted has been instrumental in steering educational programs tied to state and federal policies, championing consumer protection, and enhancing access to innovative financial services. As the fintech landscape continues to rapidly evolve, I’m confident Ted can keep advocating for and developing innovative financial solutions that cater to the real-world needs of our customers and partners.”
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Saunders expressed enthusiasm for his new role, highlighting the company’s mission. “Snap is such a great company, built on a strong cultural belief that its mission is to improve its customers’ lives. The current economic environment is especially difficult for credit-challenged consumers and now is the perfect time to offer a suite of products, with our merchant partners, designed to lift people up and improve their financial outcomes. I am personally humbled and thrilled to assume the CEO position from such a talented founder. The future is bright at Snap Finance,” said Saunders.
For more information on Snap Finance, visit www.snapfinance.com.
Source: Snap Finance
