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Green Dot (GDOT) Appoints Ellen Richey to Board of Directors

Zacks Equity Research

Green Dot Corporation GDOT on Friday announced the appointment of finance industry veteran, Ellen Richey, to its board of directors, effective Apr 3. She will be part of the Risk Committee.

Richey most recently served as the vice chairman of risk and public policy at Visa V, prior to which she concurrently served as the chief risk officer, chief legal officer and a member of the company’s executive committee.

Before joining Visa, she was the senior vice president of enterprise risk management and executive vice president of card services at Washington Mutual Inc. She has also served as the vice chairman of Providian Financial Corporation.

Richey has more than 40 years of experience in legal and risk management, which Green Dot intends to leverage upon for the development of its payment products and services.

William I Jacobs, chairman of the board of directors, Green Dot Corporation said, "Her experience and insight in areas of enterprise risk management and public policy will be a tremendous benefit to the Company as we continue to develop innovative, modern and secure payment products and services for the masses."

Notably, shares of Green Dot have declined 56.3% over the past year, as against 9.9% growth of the industry it belongs to.

Zacks Rank and Stocks to Consider

Green Dot currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Zacks Business Services sector are CoreLogic CLGX and Elastic N.V. ESTC, each carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The long-term expected EPS (three to five years) growth rate for CoreLogic and Elastic N.V. is 11% and 26%, respectively.

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Visa Inc. (V) : Free Stock Analysis Report
 
CoreLogic, Inc. (CLGX) : Free Stock Analysis Report
 
Green Dot Corporation (GDOT) : Free Stock Analysis Report
 
Blucora, Inc. (BCOR) : Free Stock Analysis Report
 
Elastic N.V. (ESTC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research