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Open Lending Corporation (LPRO) has provided an update.
Open Lending Corporation has witnessed a significant executive transition with Keith A. Jezek stepping down as CEO and from the Board on March 22, 2024. Following his departure, Charles D. Jehl, with a strong financial background and leadership experience at Forestar Group Inc., has been appointed as Interim CEO. Jehl, who has been the CFO since August 2020, will also continue his roles as COO, CFO, and Treasurer during this interim period. In addition to his expanded responsibilities, his compensation has been adjusted to reflect his new duties, including a substantial increase in base salary and incentives, as well as a transition bonus. Concurrently, the company has secured a separation agreement with Jezek, ensuring a smooth transition of leadership.
For a thorough assessment of LPRO stock, go to TipRanks’ Stock Analysis page.