We are excited to announce that we are partnering with John Clendening — a several time CEO, public company executive and board member — to build an ambitious new technology business in the financial services sector.
We are honored to be partnering with John. At Juxtapose we work methodically and slowly, choosing to work on a few things and do them well. One of the most important and time-intensive decisions we make revolves around which CEO to partner with. It is why we take over forty steps, and months of diligence, before we select our entrepreneur-partner. Our relationship with John has been a testament to that process which started early in 2020, during the social isolation driven by COVID. We are excited to complete our search and for him to helm our seventh company here at Juxtapose.
John brings over two decades of CEO and President experience in innovative financial services. He most recently served as CEO of Blucora (NASDAQ: BCOR), a publicly traded technology-driven financial services firm offering tax-smart wealth management outcomes for consumers, where he helped to steer the company into new products and to financial success. During his tenure, John delivered double-digit annual growth in revenue and profitability, and drove a total Stock Return in the top 3% of the Russell 2000. The business led various key product and technology innovations in the space, including software-driven tax alpha across investing accounts and first-in-kind forward-looking digital optimization.
Prior to Blucora, John spent over a decade as one of the senior most leaders at Charles Schwab. As President and co-Head of Charles Schwab’s US and International retail division, John played a leading role in transforming the firm from a transactional, reactive-service model into the leading omni-channel wealth manager, with modern digital experiences and an industry-leading suite of advisory services. John led a team of over 5,000 employees, driving 70% profit growth over his time at the helm. John also served as CEO of Schwab Bank and on the bank’s Board of Directors. John’s career prior to Schwab began with senior roles in large companies and start-ups, including eMac Digital, living.com, First Union Bank, Wells Fargo, and The Coca-Cola Company.
John currently serves on the Board of Silicon Valley Bank Financial Group (NASDAQ: SIVB), the preeminent banker to the global innovation economy, and Feed The Children, a global NGO. His prior board service includes Betterment, the largest independent Robo-advisor in the US. John earned his MBA from Harvard Business School and a BA in Economics from Northwestern University.
The company John is partnering with us to build is currently in stealth mode. Its core thesis is something both John and Juxtapose believe in and are energized about: the ability to deliver better outcomes for clients by creating products and services that are personalized, remarkably comprehensive, and purpose-built, especially in a world where scaled platforms emphasize one-size-fits-all models that are stalled and stuck in the past.
Welcome to the Juxtapose family John!