Credit Acceptance said it will replace longtime chief financial officer Jay Martin with Joe Billante, effective July 27, 2026, marking the end of Martin’s 23-year run at the company.
Billante most recently served as CFO of Barracuda Networks, where he led global finance operations through a strategic transformation. Before that, he spent 13 years at eBay in increasingly senior finance and business roles, including CFO for eBay’s core European and Greater China businesses and vice president of investor relations and communications. Earlier in his career, he spent 11 years at General Electric, including as CFO of a global division of GE HealthCare.
Martin joined Credit Acceptance in 2003 and will remain active through Aug. 31, 2026 as part of the transition. He will also participate in the company’s second-quarter earnings call alongside management.
The announcement did not include financial results, but it did underscore a leadership change after more than two decades with the same finance chief. Credit Acceptance said the move is effective July 27, when Billante takes over and Martin retires. The market has reacted to these announcements by moving the company's shares -4.14% to a price of $534.13. Check out the company's full 8-K submission here.
