A technology and financial services head joins the line-up
PennyMac Financial Services has announced key updates to its board of directors.
Technology and financial services leader Sunil Chandra has joined the board, while James Hunt and Emily Youssouf will retire at the end of the year.
Hunt and Youssouf have both been members of the board for over 10 years, serving on multiple committees and playing key roles in helping PennyMac grow. PennyMac chairman and CEO David Spector expressed his appreciation for the contributions of Hunt and Youssouf.
“I am extraordinarily grateful to both Jim and Emily for their long service on our board of directors, and for their ongoing commitment to and passion for our business,” Spector said. “Their invaluable guidance, expertise, and institutional knowledge will be greatly missed.”
Spector also welcomed Chandra to the board. “His remarkable leadership experience in technology, financial services, and global operations, combined with his innovative approach to business will bring a unique perspective to our board,” he said in a Press release. “We are eager to see the significant contributions he will make at Pennymac.”
Chandra, the founder and CEO of climate fintech company Dyme.Earth, brings a wealth of experience from global organizations. His previous roles include CEO of OakNorth, where he managed an AI-driven credit platform with over $17 billion in assets, and vice president at Google, where he oversaw global workforce expansion. He also held leadership positions at Barclays Capital and McKinsey & Co.
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PennyMac originated $101 billion in new loans in the 12 months ending June 30. The company also services loans totaling $633 billion in unpaid principal balance. Founded in 2008, it employs nearly 4,000 people nationwide.
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