Today, the Wall Street Journal broke the story that Prosper CEO Aaron Vermut is stepping down as CEO. This afternoon Prosper has released an official statement confirming this story. What we now know is that current Chief Financial Officer David Kimball will be replacing Aaron as CEO effective December 1st. David has been with the company since March of this year when he joined Prosper from USAA.
Aaron has been the CEO of Prosper since March, 2014 when he, Steve Vermut (Executive Chairman) and Ron Suber (President) first took the company under their control. Sources have also told Lend Academy that Steve Vermut will be stepping down as Executive Chairman and leaving the company.
Aaron Vermut will continue to serve as a director at the company. We contacted Ron Suber and he said in a brief statement that he is staying with Prosper and is fully committed to supporting the new CEO David Kimball.