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Stock impact report

Upbound Group Announces CEO Transition

Upbound Group, Inc. (UPBD) 
Company Research Source: Business Wire
Mitch Fadel to Retire After 40 Years at UpboundEVP and CFO Fahmi Karam to Succeed Fadel as CEO Effective June 1, 2025Karam to Join Board of Directors PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (“Upbound” or the “Company”) (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers, today announced that Mitch Fadel has decided to retire as Chief Executive Officer and step down from the Board after 40 years with Upbound. Executive Vice President and Chief Financial Officer Fahmi Karam will succeed Mr. Fadel as CEO and will join the Company’s Board effective June 1, 2025. Mr. Fadel will continue to serve as CEO and remain on the Board until that time and will work closely with Mr. Karam to ensure a seamless transition. The Board has commenced an internal and external search to identify Upbound’s next CFO and has engaged an executive search firm.“This transition is t Show less Read more
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