Mogo to Add Regulatory and Financial Services Industry Veterans, Wendy Rudd and Dr. Liam Cheung, to Board of Directors
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, today announced that Wendy Rudd and Dr. Liam Cheung, executives with deep experience across multiple areas of the securities industry including regulatory, strategy, operations, and technology, have been nominated for election to the Company's board of directors at its upcoming annual shareholder meeting on June 29, 2021. The Company also announced that current directors Minhas Mohammed and Kees Van Winters will retire from the board of directors.
Ms. Rudd is an innovative securities industry leader, with demonstrated accomplishment in the introduction of leading-edge electronic trading products and services to the Canadian market. Dr. Cheung has held senior executive positions relating to corporate strategy, technology and operations for brokerage and trading businesses throughout North America, Asia and Europe.
"We're thrilled to add two industry veterans and proven leaders to our board, who will bring significant experience to support our next phase of growth, including the expansion of our next gen wealth offering," said David Feller, Mogo's Founder and CEO. "And, on behalf of the entire Mogo team, I want to extend our thanks and appreciation to Minhas and Kees for their contributions and guidance over the years. Mogo has undergone significant growth and strategic transformation and we are extremely grateful for their service."
Dr. Liam Cheung
This news release may contain "forward-looking statements" within the meaning of applicable securities legislation, including statements regarding the expansion of our next gen wealth offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo's growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are outside of Mogo's control. For a description of the risks associated with Mogo's business please refer to the "Risk Factors" section of Mogo's current annual information form, which is available at www.sedar.com and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.