Open Lending Corporation (NASDAQ: LPRO) has made a significant leadership change, as Keith Jezek has resigned as CEO and board member. In his place, Chuck Jehl, who has been serving as the company's Chief Financial Officer since August 2020, has been appointed as both Chief Operating Officer and Interim Chief Executive Officer.
Jehl brings with him a wealth of experience, having spent 14 years at Forestar Group Inc. in various executive leadership roles, including Chief Financial Officer and Treasurer. In response to his new role, Jehl expressed his honor in taking on the responsibilities and emphasized his excitement for the future of the company.
Open Lending is on track to meet its guidance for certified loans for the first quarter of 2024, with further details on its financial and operational results expected to be disclosed when the company reports its Q1 2024 results in May.
Open Lending, a provider of loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders in the United States, has been empowering financial institutions for over 20 years to build profitable auto loan portfolios with reduced risk and increased rewards. Following these announcements, the company's shares moved -9.9%, and are now trading at a price of $6.43. If you want to know more, read the company's complete 8-K report here.
