Open Lending Appoints Charles “Chuck” Jehl Next Chief Executive Officer
Open Lending (NASDAQ: LPRO) has appointed Chuck Jehl as its new Chief Executive Officer and Board member, effective immediately. Jehl, who has been serving as Interim CEO and CFO, will continue as Interim CFO while the company searches for a replacement. The Board expressed full confidence in Jehl's leadership, citing his proven financial and operational expertise. Jehl played a important role in taking Open Lending public in 2020 and has held various executive positions within the company since then.
Prior to joining Open Lending, Jehl had a 14-year tenure at Forestar Group Inc., where he served in multiple executive roles, including CFO and Treasurer. The company remains focused on executing strategic priorities to drive future growth, leveraging its differentiated technology solutions and strong financial position.
Open Lending (NASDAQ: LPRO) ha nominato Chuck Jehl come nuovo Amministratore Delegato e membro del Consiglio, con effetto immediato. Jehl, che ha ricoperto il ruolo di CEO e CFO ad interim, continuerà a fare da CFO ad interim mentre l'azienda cerca un sostituto. Il Consiglio ha espresso piena fiducia nella leadership di Jehl, citando la sua comprovata esperienza finanziaria e operativa. Jehl ha avuto un ruolo importante nell'operazione di quotazione di Open Lending nel 2020 e ha ricoperto varie posizioni dirigenziali all'interno dell'azienda da allora.
Prima di unirsi a Open Lending, Jehl ha lavorato per 14 anni presso Forestar Group Inc., dove ha ricoperto diversi ruoli dirigenziali, incluso quelli di CFO e Tesoriere. L'azienda continua a concentrarsi sull'esecuzione delle priorità strategiche per promuovere la crescita futura, sfruttando le sue soluzioni tecnologiche differenziate e la forte posizione finanziaria.
Open Lending (NASDAQ: LPRO) ha nombrado a Chuck Jehl como su nuevo Director Ejecutivo y miembro de la Junta, con efecto inmediato. Jehl, que ha estado desempeñándose como CEO y CFO interino, continuará como CFO interino mientras la empresa busca un reemplazo. La Junta expresó plena confianza en el liderazgo de Jehl, citando su comprobada experiencia financiera y operativa. Jehl desempeñó un papel importante en la salida a bolsa de Open Lending en 2020 y ha ocupado varios cargos ejecutivos dentro de la empresa desde entonces.
Antes de unirse a Open Lending, Jehl tuvo una permanencia de 14 años en Forestar Group Inc., donde ocupó varios roles ejecutivos, incluidos CFO y Tesorero. La empresa sigue concentrándose en ejecutar prioridades estratégicas para impulsar el crecimiento futuro, aprovechando sus soluciones tecnológicas diferenciadas y su sólida posición financiera.
오픈 렌딩 (NASDAQ: LPRO)이 Chuck Jehl을 새로운 CEO와 이사회 멤버로 즉시 임명했습니다. 제일은 임시 CEO와 CFO로 재직해 왔으며, 회사가 후임자를 찾는 동안 임시 CFO 역할을 계속할 것입니다. 이사회는 제일의 리더십에 전적인 신뢰를 표명하며 그의 검증된 재무 및 운영 전문성을 언급했습니다. Jehl은 2020년에 Open Lending을 상장시키는 데 중요한 역할을 했으며 그 이후로 회사 내 다양한 임원직을 맡아왔습니다.
오픈 렌딩에 합류하기 전, Jehl은 Forestar Group Inc.에서 14년 동안 재직하며 CFO 및 재무 담당자 등 여러 임원직을 역임했습니다. 회사는 차별화된 기술 솔루션과 강력한 재무적 입지를 활용하여 미래 성장을 위한 전략적 우선사항을 실행하는 데 주력하고 있습니다.
Open Lending (NASDAQ: LPRO) a nommé Chuck Jehl en tant que nouveau Directeur Général et membre du Conseil, avec effet immédiat. Jehl, qui a occupé les fonctions d'Administrateur Général et de Directeur Financier par intérim, continuera à agir en tant que Directeur Financier par intérim pendant que l'entreprise recherche un remplaçant. Le Conseil a exprimé sa pleine confiance dans le leadership de Jehl, citant son expertise financière et opérationnelle éprouvée. Jehl a joué un rôle important dans l’introduction en bourse d’Open Lending en 2020 et a occupé divers postes de direction au sein de l’entreprise depuis lors.
Avant de rejoindre Open Lending, Jehl a passé 14 ans chez Forestar Group Inc., où il a occupé plusieurs rôles exécutifs, y compris ceux de Directeur Financier et de Trésorier. L'entreprise reste concentrée sur l'exécution de ses priorités stratégiques pour favoriser la croissance future, en tirant parti de ses solutions technologiques différenciées et de sa solide position financière.
Open Lending (NASDAQ: LPRO) hat Chuck Jehl als neuen Geschäftsführer und Vorstandsmitglied mit sofortiger Wirkung ernannt. Jehl, der als Interims-CEO und CFO tätig war, wird weiterhin als Interims-CFO fungieren, während das Unternehmen nach einem Nachfolger sucht. Der Vorstand äußerte volles Vertrauen in die Führung von Jehl und nannte seine nachgewiesene finanzielle und operative Expertise. Jehl spielte eine wichtige Rolle bei der Börseneinführung von Open Lending im Jahr 2020 und hat seitdem verschiedene Führungspositionen im Unternehmen innegehabt.
Vor seinem Eintritt bei Open Lending hatte Jehl 14 Jahre lang bei Forestar Group Inc. gearbeitet, wo er in mehreren Führungsrollen tätig war, darunter als CFO und Schatzmeister. Das Unternehmen konzentriert sich weiterhin darauf, strategische Prioritäten zu verfolgen, um zukünftiges Wachstum voranzutreiben, indem es seine differenzierten Technologielösungen und die starke finanzielle Position nutzt.
- Appointment of experienced leader Chuck Jehl as CEO
- Jehl's proven track record in financial and operational leadership
- Continuity in leadership as Jehl transitions from Interim CEO to permanent role
- Strong support from the Board of Directors and co-founders
- Company's focus on executing strategic priorities for future growth
- Temporary vacancy in the CFO role as the company searches for Jehl's replacement
Jehl's proven financial, operational and leadership expertise position Company for future growth
AUSTIN, Texas, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that its Board of Directors has appointed Chuck Jehl to serve as Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Jehl will continue to serve as Open Lending’s Interim Chief Financial Officer while the Company conducts a comprehensive search for Mr. Jehl’s replacement in the CFO role.
“Chuck’s exceptional leadership was confirmed while he served as the Company’s Interim CEO, just as the Board expected would be the case,” said Jessica Buss, Chairman of the Board. “He has the full support of the Board, and we’re confident in Chuck’s ability to lead the Company into the future. He has built strong relationships with key stakeholders, employees, investors, financial institution customers and our insurance carriers and other partners.”
“Chuck’s talent as a proven financial and operational leader was evident to me and the other co-founders of this Company back in 2020 as he was instrumental in taking the Company public. My belief in Chuck’s abilities has only increased since then as he has taken on more responsibility year after year,” added John Flynn, Co-Founder and Director. “I couldn’t be more pleased with today’s announcement, and I am excited about the future of Open Lending under Chuck’s leadership.”
“I am grateful for the Board’s trust and confidence, and I’m extremely honored to represent Open Lending and our team members as the next CEO,” said Chuck Jehl, Chief Executive Officer. “As we prepare for the next phase of growth, we remain focused on executing our strategic priorities which will position us well for the future. The differentiated technology solutions we provide to our valued customers, strong balance sheet, and financial flexibility provide an outstanding foundation as we navigate forward. I'm excited about the future of Open Lending.”
Mr. Jehl has served as the Company’s Interim Chief Executive Officer and Chief Operating Officer since March 2024 and as the Company’s Chief Financial Officer and Treasurer since August 2020. In addition, Mr. Jehl was instrumental in taking the Company public in June 2020. Prior to Open Lending, Mr. Jehl spent 14 years at Forestar Group Inc., a New York Stock Exchange-listed company, in a variety of executive leadership roles including Chief Financial Officer and Treasurer from 2015 through 2019 and Chief Accounting Officer from 2005 through 2013. Prior to Forestar, he held various leadership roles at Guaranty Insurance Services Inc. from 2000 through 2005, including Chief Operations Officer and Chief Financial Officer. Mr. Jehl holds a Bachelor of Arts degree in Accounting from Concordia University at Austin.
About Open Lending
Open Lending (Nasdaq: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. For over 20 years, we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit www.openlending.com.
Forward-Looking Statements
This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements related to the leadership transition plan. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions and on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the Company’s control. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, market, political and business conditions; applicable taxes, inflation, supply chain disruptions including global hostilities and responses thereto, interest rates and the regulatory environment; the outcome of judicial proceedings to which Open Lending may become a party; and other risks discussed in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2023. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently does not know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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