LPRO - Open Lending Announces Leadership Change | Benzinga
Keith Jezek Resigns as CEO and Board Member; Chief Financial Officer Charles "Chuck" Jehl Appointed as Chief Operating Officer and Interim Chief Executive Officer
Reiterates Q1 2024 Certified Loan Guidance
AUSTIN, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today announced that Keith Jezek is stepping down as Open Lending's CEO and as a member of its Board of Directors (the "Board"). Effective immediately, the Board has appointed Chuck Jehl, Chief Financial Officer, as Chief Operating Officer and Interim Chief Executive Officer in an expanded role. Mr. Jezek will remain available to the Company to advise in leadership transition matters, and the Board has initiated a comprehensive process to identify a permanent Chief Executive Officer. In addition to serving as Interim Chief Executive Officer and Chief Operating Officer, Mr. Jehl will remain the Company's Chief Financial Officer during this process.
"The Board is confident that Chuck is the right person to lead the Company through this interim period and to keep the Open Lending team focused on the Company's 2024 priorities, which we believe will position Open Lending well as the industry inevitably recovers," said Jessica Buss, Chairman of the Board. "On behalf of the Board, I would like to thank Keith for providing the Company with a firm foundation for future growth and developing a deep bench of talented people. From his early service on Open Lending's board as a private company to his more recent role as CEO, Keith has been an integral part of the Open Lending story and we wish him all the best in his future endeavors."
"Chuck is an exceptional leader who will continue to work tirelessly with ...