Blend Labs, Inc. announced that on January 9, 2023, Roger W. Ferguson, Jr. notified the Company of his resignation from the Board of Directors of the Company effective as of the same date. Mr. Ferguson's resignation was not the result of any disagreement between the Company and him on any matter relating to the Company's operations, policies, or practices. On January 10, 2023, the Board appointed Erin Lantz to serve as a member of the Board.

Ms. Lantz was also appointed to serve as a member of the Audit Committee of the Board and the Compensation Committee of the Board. Ms. Lantz, 43, is an innovative technology executive and board member who brings more than 20 years of experience building and scaling operations for leading real estate and financial service industry companies. Since April 2020, Ms. Lantz has been the Chief Revenue Officer of Ethos, a fintech company specializing in life insurance.

Prior to Ethos, she was the Vice President and General Manager of Mortgages at Zillow Group, Inc., an online real estate database company, where she worked from 2010 through October 2019. Just before joining Zillow, Ms. Lantz was Senior Vice President at Bank of America Corporation, a U.S. multinational investment bank and financial services company, where she led the Direct-to-Consumer purchase home loan business. Before entering the mortgage industry, Ms. Lantz worked at the Boston Consulting Group, a global management consulting firm, as an Associate.

She currently serves on the board of TrueCar, a leading digital automotive marketplace. From September 2016 until August 2018, Ms. Lantz served on the board of directors of Washington Federal, Inc., a bank holding company, and from July 2021 until December 2022, she served on the board of directors of Shelter Acquisition Corp., a special-purpose acquisition company focused on the property technology industry. Ms. Lantz holds a B.A. in Political Science, Philosophy and Economics from the University of Pennsylvania and an M.B.A. from Harvard Business School.

On January 10, 2023, the Board appointed Amir Jafari as the Company's new Head of Finance and Administration, such appointment to be effective upon Mr. Jafari's employment commencement date at the Company, which is expected to be on or around January 30, 2023. Mr. Jafari will initially serve as Head of Administration and assume the role of Head of Finance and principal financial officer of the Company following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Mr. Jafari, 44 years old, served as Chief Financial Officer of Plastiq Inc., a financial technology company, from 2021 until 2023.

Mr. Jafari previously served as the Chief Financial Officer for Reputation.com, a customer experience management company, from 2020 to 2021. From 2015 until 2020, Mr. Jafari served as a Sr. Director of Accounting Operations, Vice President of Finance & Corporate Controller and finally Vice President and General Manager of the Finance and Legal business at ServiceNow, Inc., a cloud computing software company. From 2010 until 2015, Mr. Jafari served as Director of Finance (Sales) and Senior Director of Finance and Assistant Controller at Atmel Corporation, a semiconductor company.

Mr. Jafari started his career in 2000 and served companies spanning distribution, consumer electronics and semiconductor industries. Mr. Jafari received a B.A. from San Diego State University and an M.B.A. from San Jose State University. On January 9, 2023, Marc Greenberg notified the Company of his intention to step down as Head of Finance of the Company, and as the Company's principal financial officer under Section 16a-1(f) of the Exchange Act, effective following the filing of the 2022 Form 10-K. Mr. Greenberg's last day of employment with Blend is expected to be April 1, 2023.

On January 9, 2023, Timothy Mayopoulos notified the Company of his intention to step down as President of the Company in the first quarter of 2023. Mr. Mayopoulos will continue serving as a director of the Company. On January 9, 2023, Crystal Sumner notified the Company of her intention to step down as Head of Legal, Compliance, and Risk and Corporate Secretary of the Company, effective on February 1, 2023, to pursue other professional opportunities.

Winnie Ling, who currently leads the Company's corporate and securities legal functions, has been appointed to succeed Ms. Sumner as Head of Legal of the Company upon Ms. Sumner's departure.