Prosper CEO Chris Larsen Steps Down announced today, that Prosper founder and CEO Chris Larsen moved from the role of CEO and Chairman to serve exclusively as Chairman. He will be replaced by Dawn Lepore, who previously served as CEO and chairman of Lepore will serve as interim CEO. Larsen said:

“As Prosper continues to achieve incredible growth, now is the time to embrace the next phase of the company’s evolution. As Chairman, I look forward to working closely with the executive team to build a truly innovative consumer credit company.”

Lepore led from 2004 until its successful sale to Walgreens in 2011. During her tenure, Lepore repositioned the company to focus on over-the-counter, beauty, and vision business segments.

Prior to, Lepore held positions at The Charles Schwab Company. In her 21-year tenure, Lepore played a key role in launching and building the firm’s highly successful e-commerce business. Lepore also served as Schwab’s CIO, a member of Schwab’s Executive Committee, and a trustee of Schwab Funds, among other executive roles.

Lepore currently serves on the board of eBay, Inc., and was appointed on Feb.23rd to Inc. board of directors.

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