ELM Resources Announces Phillip Wade as CEO and President

Updated: Aug 28, 2019

Tampa, FL -- June 21, 2018 -- ELM Resources, the leading provider of private student loan management and services for College and campuses, today announced that Jon Veenis will retire effective July 1, 2018.

Jon joined ELM as its CEO and President in July 2009 after spending 30 years at Wells Fargo Bank, most recently serving as President of its Education Financial Services division. Jon served on the ELM Resources Board of Directors from 1996‐2007 and again from 2009 to present. Said Chairman of the Board John Vidovich, “On behalf of the entire Board of Directors, we express our sincere appreciation to Jon Veenis for his considerable contributions to ELM’s success over the last nine years. He joined ELM at a time when the company’s future was uncertain due to significant legislative changes. However, through his creative leadership and collaborative approach, ELM not only survived, but is thriving.”

“It has been a pleasure to serve as the CEO and President of ELM Resources for the last nine years,” says Jon Veenis. “Much has changed in our industry since I joined ELM in July of 2009, but the dedication, talent, and commitment of each of our team members has not wavered. Their primary focus has always been providing exceptional products and customer service to our school and lender customers, our Members and our affiliates. With this well planned transition, I depart knowing that ELM and all of its constituents are in great hands with Phillip Wade and the entire management team.”

Succeeding Veenis as CEO and President is ELM’s current Senior Vice President and Chief Operating and Information Officer, Phillip Wade. Phillip joined ELM in September 2008 and brings over 25 years of business and technology leadership experience. Phillip has spent the majority of his professional career in financial services and management consulting, including student lending. Prior to joining ELM, Phillip was Technology Vice President of Applications for Chase Education Finance, the student lending division of JP Morgan Chase. He has also held senior management positions as Chief Technology Officer for Collegiate Funding Services, Inc. and Vice President, Head of Advanced Technology Group for SunTrust Bank before joining Chase. Phillip is a graduate of the College of William and Mary.

“It has been a terrific opportunity to work with and learn from the successful leadership of Jon Veenis”, says Phillip Wade. “I look forward to continuing to build upon the core principles that ELM has become known for: a great team that provides excellent customer service and innovative technology which creates efficiencies for our customers. Looking for ways, each and every day, to continue to improve the customer experience is fundamental at ELM.”

In regard to the appointment of Phillip Wade as Veenis’ successor, Chair Vidovich added, “We are pleased to welcome Phillip as ELM’s new CEO and President. The Board has worked very closely with Phillip over the last several years in anticipation of his rise into this role. He has our full support as ELM continues its mission of providing industry‐leading products and services to its school and lender customers.”

About ELM Resources:

ELM Resources was founded in 1994 and is the only not‐for‐profit mutual benefit corporation serving the student loan industry today, including universities, colleges and lenders. ELM provides a common, non‐proprietary and open data exchange and disbursement system that seamlessly links the diverse computing platforms of schools and lenders through its industry leading product, ELMOne. Within the ELMOne suite, ELMSelect®, ELMNet® and ELM NDN® each provide unparalleled efficiency in handling different phases of the private student loan process, such as financial fundamentals, lender comparison, loan application, school certification and loan disbursement processes. Over 1,800 campuses use ELM Resources to send and receive loan data for alternative loans with the lender of their choice. ELM Resources has been certified as a “Great Place to Work®” in 2016 and 2017 by the independent analysts at Great Place to Work® and ranked #19 on Fortune’s “Best Small Workplace” list in 2017.

Media Inquiries:

ELM Resources Cari Kempster (510) 903‐7902 ckempster@elmresources.com

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12950 Race Track Road
Suite 201 
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