Board Of Directors

John Loftus

Chief Executive Officer

John Loftus has served as Chief Executive Officer and President and Chairman of the Board since December 12, 2016. Under his guidance, the company posted its second consecutive annual profit in 2018. Mr. Loftus holds an M.B.A. from the SMU Cox School of Business.

Allison DeStefano


Ms. Allison M. DeStefano has been Director of Envela Corporation since March 19, 2018. Ms. DeStefano is the sales director for Echo Environmental, a data security and de-manufacturer/refurbishment processor of electronics in the aftermarket supply chain. She is responsible for management of client services, firm marketing and communications, investment analysis, structuring and execution, and internal operations of the company. She studied art at the State University of New York and is a native of Buffalo, NY.

Jim Ruth

Independent Director

Mr. Jim R. Ruth serves as President and Chief Executive Officer of OppMetrix. Mr. Ruth has been Independent Director at Envela Corporation, since January 17, 2017. He obtained his Bachelors of Science degree from the University of Michigan and holds a Masters of Business Administration from the SMU Cox School of Business.

Joel Friedman

Independent Director

Joel S. Friedman has served as Lead Independent Director and Chairman of the Compensation Committee since January 18, 2017. Mr. Friedman has his undergraduate degree from the University of North Texas and holds a Masters of Business Administration from the SMU Cox School of Business. Mr. Friedman brings a wealth of Operations and Technology experience. Along with 20+ years of Senior Leadership in the Financial Services space, he has also held CIO and COO positions for companies in the Payment Processing Space-Century Payments and SaaS space-OppMetrix. The board concluded that Mr. Friedman has the leadership qualities and business knowledge to serve as director.

Alexandra Griffin

Independent Director

Ms. Alexandra C. Griffin serves as an Accounting Supervisor of PrimeLending. Ms. Griffin joined PrimeLending in December 2014 and served as its Senior Accountant. She has been an Independent Director of Envela Corporation since January 17, 2017. Ms. Griffin is a CPA skilled in financial analysis and financial statement reporting in accordance with GAAP. Ms. Griffin holds a Bachelor of Science in Accounting from the University of Texas at Arlington.

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