PALO ALTO, Calif.--(BUSINESS WIRE)--
Capital, Inc. (NYSE:HTGC) ("Hercules" or the "Company"), the leading
specialty finance company to innovative, venture growth, pre-IPO and M&A
stage companies backed by leading venture capital firms, today announced
that effective October 22, 2016, Doreen Woo Ho, highly regarded former
commercial banking executive, was appointed to the Hercules board of
directors. Ms. Woo Ho brings over 35 years of commercial and consumer
banking operating experience, and is a seasoned and nationally
recognized executive with general management and executive leadership
Ms. Woo Ho will serve on the Compensation Committee.
"As Hercules continues to grow, it is important that we continue to add
highly experienced and qualified independent board members," said Manuel
A. Henriquez, chairman and chief executive officer of Hercules. "We are
pleased to welcome Ms. Doreen Woo Ho to our board. I have every
confidence that Doreen's outstanding wealth of banking experience will
only expand and strengthen our already strong board of independent board
members, and that she will make many contributions to Hercules' future
success given her seasoned senior executive experience."
Ms. Woo Ho is a retired senior executive who has held top management
roles at some of the largest commercial banks in America, including
Wells Fargo Bank, Citibank and United Commercial Bank. In 2009, she was
President, CEO and Board Member of United Commercial Bank, a leading
Asian community and commercial bank headquartered in San Francisco, with
assets over $12.7 billion. From 1998 to 2008, Ms. Woo Ho served as
President of the Consumer Credit Group at Wells Fargo Bank. Prior to
Wells Fargo, she served as Sr. Vice President of National Business
Banking, US Consumer Bank and other multiple positions in corporate and
consumer lending at Citibank from 1974 to 1998.
Ms. Woo Ho currently serves as an independent Director for U.S. Bank,
the fifth largest commercial bank in the US. She has also been serving
as Commissioner of the Port of San Francisco since 2011 and on the Board
of Directors of the San Francisco Opera since 1992.
Ms. Woo Ho was ranked among the top five in 2007 and recognized
consecutively on the list from 2003 to 2007 for the 25 Most Powerful
Women in Banking by US Banker Magazine. In addition, she was also
recognized from 2003 to 2009 on the list of the Bay Area 100 Most
Influential Women by the San Francisco Business Times.
Ms. Woo Ho received her Bachelor of Arts in History from Smith College
and her Master of Arts in East Asian Studies from the School of
International and Public Affairs at Columbia University.
Boardspan Inc. advised Hercules Capital in her appointment.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) ("Hercules") is the leading and
largest specialty finance company focused on providing senior secured
venture growth loans to high-growth, innovative venture capital-backed
companies in a broad variety of technology, life sciences and
sustainable and renewable technology industries. Since inception
(December 2003), Hercules has committed more than $6.3 billion to over
360 companies and is the lender of choice for entrepreneurs and venture
capital firms seeking growth capital financing. Companies interested in
learning more about financing opportunities should contact firstname.lastname@example.org,
or call 650.289.3060.
Hercules' common stock trades on the New York Stock Exchange (NYSE)
under the ticker symbol "HTGC."
In addition, Hercules has three outstanding bond issuances of:
7.00% Unsecured Notes due April 2019, NYSE listed under the symbols
7.00% Unsecured Notes due September 2019, NYSE listed under the
symbols "HTGY," and
6.25% Unsecured Notes due July 2024, NYSE listed under the symbols
View source version on businesswire.com: http://www.businesswire.com/news/home/20161025005683/en/
Hercules Capital, Inc.
Michael Hara, 650-433-5578 HT-HN
Relations and Corporate Communications
Source: Hercules Capital, Inc.
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