SALT LAKE CITY — Snap Finance has appointed three to its senior leadership team.
The new members include Doris Hektor, who has been named as Snap's chief compliance officer; Gaurav Kohli has been named chief technology officer; and Tim King is the company's new chief financial officer.
Snap said the new team members "bolster the company's internal operating structure as it enters its next phase of significant growth."
Ms. Hektor has 25 years of experience in financial risk management, including a tenure at Encore Capital, where she led the design and implementation of an enterprise-wide global risk management program.
Previously, Hektor was with JP Morgan Chase as senior vice president and managing director of consumer and community banking compliance. Snap said she will help its executive leadership team make more informed risk/return decisions.
Mr. Kohli previously served as CTO at Token, Inc., a platform that enables bank-based payments via PSD2. He also held a dual CIO/CTO position at Renew Financial and served as VP, platform and architecture for Visa's Cybersource Division.
Mr. King has 30-plus years of experience in financial services. Before joining Snap, Mr. King served as the CFO of Alliance Data, a provider of payment products and digital solutions. Mr. King succeeds Spencer Clawson, who will continue to serve the company as EVP, Finance and Special Projects.
"Snap Finance is building an outstanding team of financial services leaders with the expertise to steer the company into the future of digital payments. Doris, Gaurav, and Tim certainly fit that description," Snap Finance CEO Matt Hawkins said. "All three of these new members of our senior leadership team have a seasoned track record and a depth of experience that will only make our company stronger. We're thrilled to have them with us."
Recently, Snap entered a strategic partnership with Affirm to offer more payment choices to U.S. retailers. These three additions, Snap Finance said, position the company "to navigate future growth as demand for its flexible pay-over-time FinTech platform increases."