Kay Matthews Becomes Chair of SVB Board of Directors

SANTA CLARA, Calif., April 22, 2022

"Over the last three years, a period of dramatic growth and expansion for SVB, Kay's insight, experience and leadership have been invaluable," said Greg Becker, president and CEO of SVB. "SVB will benefit from her continued contributions, and her deep understanding of the innovation economy clients we serve."

"SVB continues to grow and innovate in all four core areas of the business, further solidifying its position as an essential partner to innovation sector clients," said Matthews. "It's an exciting moment in SVB's history and a great opportunity to continue to share my tech and finance experience with board colleagues and SVB leaders, and together launch the next chapter."

Matthews brings extensive experience working with technology, venture capital and private equity firms, with a focus on finance, accounting and auditing. During her Ernst & Young career, she served clients ranging from early-stage venture-backed companies to Fortune 500 companies across industries including software, semiconductor, defense, transportation, consumer products and healthcare. In her advisory and leadership roles, she served as a strategic resource for client management, developed and led strategies to transform business models in a regulated industry, developed expertise on the impact of disruptive business models and led strategies around enterprise risk and innovation of services to leverage new and innovative technologies.

In addition to her role with SVB, Matthews also serves on the boards of Coherent, Inc. and Main Street Capital Corp. She is a member of the Advisory Board of the Texas Tech Rawls School of Business and was named 2020 Distinguished Alumni of the Rawls School of Business. She earned a bachelor's degree in accounting from Texas Tech University.

Matthews succeeds former board chair Roger Dunbar, who retired from his role this year after a decade in the position.