SVB Financial Group appoints Elizabeth Burr to its Board of Directors

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SANTA CLARA, California, November 9, 2021 / PRNewswire / – SVB Financial Group (SVB) today announced the appointment of Elizabeth “Busy” Burr, former President and Chief Commercial Officer of Carrot, Inc., who has also led innovation efforts at Citigroup and Humana , to his Board of directors, effective November 8, 2021. SVB Financial Group is the parent company of Silicon Valley Bank, the bank for the world’s most innovative companies and their investors. Burr will also serve on the board of directors of Silicon Valley Bank.

“Busy has critical experience working with some of the largest and most complex organizations in the world and she will provide an important perspective to SVB as it grows and takes on new challenges,” said Roger dunbar, Chairman of the Board of Directors of SVB Financial Group.

SVB helps meet the unique needs of entrepreneurs, innovative companies and their investors in the technology and life sciences industries. The company offers a range of specialized financial services around the world. With over 191 billion dollars in total assets and more than 6,200 employees worldwide, SVB strives to improve the likelihood of success for its customers.

“Occupied’s exciting career spanning strategy, finance, marketing and operations shows that she is a lifelong learner, and we are delighted to have her and her creativity on our team.” , said Greg becker, Chairman and CEO of SVB Financial Group. “His direct experience in investment banking, venture capital, entrepreneurship and healthcare will be extremely relevant as we grow and innovate our business in all of these areas. “

Chez Carrot, named “Most Innovative Company” by Fast business magazine in 2020, Burr led the team focused on bringing the company’s digital health solutions to market. Previously, she was Vice President and Chief Innovation Officer at Humana, a 40 billion dollars American healthcare company and has held senior positions at Citi Ventures, Gap and eBay. Starting his career in finance, Burr spent seven years in investment banking at Morgan Stanley and Credit Suisse First Boston, executing IPO and M&A transactions for companies in the tech industry.

Burr is a sought-after speaker and collaborator, and a long-time member of the Bay Area Subject to Change improvisation troupe. She holds an MBA from Stanford and a bachelor’s degree in economics from Smith College.

Burr is currently a member of the board of directors of Rite Aid Corporation, mortgage solutions company Mr. Cooper Group and non-profit organization Satellite Healthcare. She was named one of Silicon Valley’s Women of Influence, was honored as Innovator of the Year by Frost & Sullivan, and in 2017, she was named to the Global Corporate Venturing Powerlist (GCV ).

For more information on SVB, visit www.svb.com.

About SVB Financial Group
SVB Financial Group (NASDAQ: SIVB) and its subsidiaries help innovative companies and their investors move bold ideas forward quickly. SVB Financial Group operations, including Silicon Valley Bank, provide commercial, investment and private banking, asset management, private wealth management, brokerage and investment, and management services. funds to companies in the technology, life and health sciences, private equity and venture capital sectors, and the high-end wine industries. Based at Santa Clara, California, SVB Financial Group operates in innovation centers around the world. Learn more at svb.com.

SVB Financial Group is the holding company of all business units and groups © 2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California banking subsidiary of the SVB financial group. [SIVB-F]

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