AUSTIN - Open Lending Corporation (NASDAQ:LPRO), a provider of lending enablement and risk analytics solutions for financial institutions, announced today that Keith Jezek has resigned from his position as CEO and from the company's Board of Directors. Chuck Jehl, formerly the Chief Financial Officer, has been appointed as Chief Operating Officer and Interim Chief Executive Officer.
Jezek, who has played a significant role in the company's growth, will remain as an advisor during the leadership transition. The Board has commenced a search for a permanent CEO. Jehl, who joined Open Lending as CFO in August 2020, brings extensive experience to his new role, having previously held leadership positions at Forestar Group (NYSE:FOR) Inc.
Jessica Buss, Chairman of the Board, expressed confidence in Jehl's ability to lead the company during this interim period and maintain focus on Open Lending's 2024 priorities. John Flynn, Founder and Director, also voiced his support for Jehl's leadership.
In addition to his new responsibilities, Jehl will continue as CFO until a permanent CEO is appointed. He expressed his commitment to ensuring a smooth transition and to continue working with the team and stakeholders. Jehl highlighted the company's strong balance sheet and financial flexibility as key factors for its future.
Open Lending remains on track to meet its Q1 2024 guidance for certified loans, with further details to be provided in the May report of the first quarter 2024 results.
The information in this article is based on a press release statement from Open Lending Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.