OnDeck Capital COO James Hobson has resigned from the online lender to pursue another opportunity.

According to an 8-K filing, Hobson’s resignation is effective March 15, 2017.

Hobson has served as the company’s COO since June 2012 and previously worked as the company’s senior vice president of Strategic Partnerships and Platform Solutions from July 2011 to June 2012.

The company plans to reallocate Hobson’s responsibilities among its existing executives.