Vroom adds 2 board members
Photo courtesy of Vroom. By Auto Remarketing Staff NEW YORK -
Vroom has added two members to its board of directors, both with extensive backgrounds in the financial industry.
The new members are Paula Pretlow and Frederick Terrell, and Vroom chief executive officer, Paul Hennessy describes them as “two highly qualified executives with notable leadership experience at some of the world’s largest financial institutions.”
Pretlow is former senior vice president of The Capital Group, a $2.4 trillion privately held investment management firm. At that company, she led the public fund business development and client relationship group. For 10 years, she was responsible for large client relationships.
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The Pension Protection Act of 2006 single-handedly created target date funds as a global asset class, one which now commands a 20% to 25% share among public and corporate pension plans. In the United States, more than $2.5 trillion is invested in these types of funds by approximately 40 million people.
The Pension Protection Act gives legal protection to plan managers when the participants fail to make a specific choice. In that case, the employee’s contributions go to the age-based “default” option. For this reason, many investors in retirement accounts end up holding these target date funds (TDFs) without paying attention to the direct and indirect costs associated with them. This results in a cumulative return
Online Automotive Retailer Vroom Announces Two New Additions to Board of Directors
Paula B. Pretlow and Frederick O. Terrell Bring Decades of Finance and Business Experience to the Board
NEW YORK, April 27, 2021 (GLOBE NEWSWIRE) Vroom (
www.vroom.com), a leading ecommerce platform for buying and selling used vehicles, today announced that it has added two new members to its Board of Directors, Paula B. Pretlow and Frederick O. Terrell. The new members bring decades of finance and business experience to the board.
Paula Pretlow built her career helping company leaders maximize shareholder and stakeholder value personally delivering hundreds of millions in revenue and building relationships with many of the world’s largest institutional investors. She is a former Senior Vice President of The Capital Group, a $2.4 trillion privately held investment management firm, where she led the public fund business development and client relationship group and was responsible for large clie
From 1985 to 2002, Grossman held various executive positions with BGI and its predecessor organisations, including chief investment officer from 1992 to 2002.
Grossman founded BGI’s Advanced Strategies Group in 1992, where he was responsible for leading the development of the firm’s quantitative, enhanced index, and asset allocation strategies.
Following BlackRock’s acquisition of BGI in 2009, he served as vice chair at BlackRock until early 2011.
Grossman currently serves as managing partner of ThirdStream Partner, which focused on private and early-stage investments in financial technology and asset management businesses.
He had also served on the boards of a number of financial services companies, including Financial Engines, Axioma and ETF.com.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Leading Australian ETF Manager BetaShares Appoints Global Industry Veteran Blake Grossman as Non-Executive Director
April 6, 2021 GMT
SYDNEY (BUSINESS WIRE) Apr 6, 2021
Leading Australian ETF manager, BetaShares, today announced the appointment of former BlackRock Vice Chairman, Blake Grossman, as a non-executive director.
Mr. Grossman is a pioneer in the global index and ETF industry, and has helped pave the way for exchange traded funds to forever change how millions of investors around the world construct their portfolios.
Mr. Grossman was previously the Global Chief Executive Officer of Barclays Global Investors/iShares from 2002 until its sale to BlackRock in 2009. From 1985 to 2002, Mr. Grossman held various executive positions with Barclays (BGI) and its predecessor organisations, including Chief Investment Officer from 1992 to 2002. Mr Grossman founded BGI’s Advanced Strateg