Tree.com, the Charlotte-based parent company of loan lead generation sites like LendingTree, has tapped a former Bear Sterns investment banker to be its new chief financial officer, the company announced Monday.
Alex Mandel, 42, had served as a financial consultant for the company since July 2010 before being named to fill the CFO role Monday. Before that, he worked 13 years as an investment banker advising media and entertainment businesses.
"I'm very excited to formally join Tree.com," said Alex Mandel. "This opportunity comes at a pivotal point in the company's evolution. We have become a more focused, nimble enterprise, with substantial resources to support our future growth."
He will be paid a $250,000 annual salary and be given 50,000 restricted stock units that vest over time, according to an SEC filing. Tree.com's stock (Nasdaq: TREE) was trading at $13.42 on Monday afternoon.
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