PROG Holdings Increases Investment in Ecommerce

Rhea-AI Summary

PROG Holdings, Inc. (NYSE: PRG) has appointed three new executives to enhance its leadership in ecommerce and fintech. Majdi Haroun joins as Sr. VP of Engineering, bringing experience from Calvin Klein and Microsoft. Matt Ball, as VP of R&D, has a strong fintech background, previously serving as CTO at ParkMobile. Dan Stevenson, VP of Ecommerce, is known for his roles at Apple and Sony. These appointments aim to bolster PROG's ecommerce capabilities and drive innovation, positioning the company for growth in a competitive market.

Positive

• Appointment of Majdi Haroun enhances engineering leadership.
• Matt Ball's experience will strengthen R&D capabilities.
• Dan Stevenson brings extensive ecommerce expertise.

Negative

• None.

PROG Holdings, Inc. (NYSE: PRG), a fintech holding company operating Progressive Leasing, a leading provider of lease-purchase solutions for retailers, announces three new members of its executive team as part of the company’s continued investment in its best-in-class ecommerce and mobile platforms.

Majdi Haroun, Sr. Vice President of Engineering, previously worked at Calvin Klein, NBC/Comcast, and Microsoft, where he drove ecommerce progression and growth. Majdi specializes in taking companies with a strong online retail foundation and accelerating them into digital leaders.

Matt Ball, Vice President of R&D, is a fintech veteran with more than 20 years of experience working with Fortune 100 companies to enable POS- and web-based payment networks. Most recently, he was CTO of ParkMobile, a leading provider of contactless payments across the U.S., where he built a next generation, cloud-native platform. Previous to ParkMobile, Matt was CIO of Payments & Commerce at Fifth Third Bank.

Dan Stevenson, Vice President of Ecommerce, is a senior executive with more than 20 years of leading, innovating, and growing ecommerce and sales divisions at Apple, Sony, Gateway, and VSP Global. Dan’s specialty is driving and aligning cross-functional teams to deliver significant revenue, profit and customer experience improvements in the digital arena.

“The additions of Majdi, Matt, and Dan will bolster our current leadership position in ecommerce, drive future innovation in our product offering, and further disrupt the digital fintech market,” said Steve Michaels, CEO of PROG Holdings. “They possess the foremost industry expertise and skills and will enhance our already strong team. We will continue to invest in our talent and technology, which enables underserved consumers to shop how and where they want.”

Progressive’s leading ecommerce platform lets retailers quickly and easily grow their ecommerce business by providing a ready-made solution for online customer transactions.

Its interactive website, http://developers.progleasing.com, allows retailers to integrate Progressive’s platform with their own websites in minutes through a variety of integration options including Magento, Demandware, JS snippets, custom APIs, and more.

About PROG Holdings, Inc.

Headquartered in SALT LAKE CITY, PROG Holdings, Inc. (NYSE-PRG) is the holding company of Progressive Leasing, a leading provider of lease-purchase solutions for consumers at the point of sale at many national, regional and local retailers and ecommerce websites. Progressive Leasing offers a lease-to-own payment solution for consumers to acquire furniture, appliances, jewelry, electronics, bedding, cell phones, wheel and tire and other large ticket consumer durables through over 20,000 locations in 46 states as well as with ecommerce POS sites. Vive Financial provides a variety of second-look credit products that are originated through federally insured banks. For more information, visit ProgLeasing.com and Vivecard.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210331005152/en/

FAQ

What recent executive changes occurred at PROG Holdings (PRG)?

PROG Holdings appointed Majdi Haroun, Matt Ball, and Dan Stevenson to its executive team to enhance ecommerce and fintech leadership.

Who is Majdi Haroun and what is his role at PRG?

Majdi Haroun is the Sr. Vice President of Engineering at PROG Holdings, previously working with companies like Calvin Klein and Microsoft.

What experience does Matt Ball bring to PROG Holdings?

Matt Ball, the new VP of R&D at PROG Holdings, has over 20 years of fintech experience, including his role as CTO of ParkMobile.

How will Dan Stevenson contribute to PROG Holdings (PRG)?

Dan Stevenson, as VP of Ecommerce, will leverage his extensive experience from companies like Apple and Sony to drive ecommerce growth.

What is the goal of the new appointments at PROG Holdings?

The new appointments aim to bolster PROG's leadership in ecommerce and drive innovation in its product offerings.