Oportun Financial Corp. (NASDAQ:OPRT) shares surged 12.02% to $5.98 before the bell on Friday, after the San Mateo-based lender announced the appointment of Doug Bland as Chief Executive Officer, effective April 20.
Veteran Credit Operator Steps In
Bland, former Senior Vice President and General Manager of PayPal‘s (NASDAQ:PYPL) Consumer Business, brings over 30 years of consumer credit experience, according to Oportun. He earlier co-led Swift Financial through its 2017 PayPal acquisition and held senior lending roles at Bank of America (NYSE:BAC) through the 2008 financial crisis.
Lead Independent Director Louis Miramontes called Bland “the ideal leader,” citing his disciplined credit management and operational track record.
Bland said …
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