Leadership Transition at Open Lending with CFO Assuming COO and Interim CEO Responsibilities

Open Lending, a company specializing in assisting financial institutions in developing auto loan portfolios, has announced a significant leadership change. Chuck Jehl, the current Chief Financial Officer, will assume additional responsibilities as Chief Operating Officer and interim CEO following the resignation of Keith Jezek from the CEO position and the board.

Immediate Leadership Shift
Effective immediately, Chuck Jehl steps into his expanded role, with Keith Jezek offering his support and guidance during the transition period. Open Lending reaffirmed its commitment to achieving its goals for certified loans in the first quarter, with detailed results scheduled for release in May.

Jehl’s Background and Vision
Chuck Jehl brings a wealth of experience to his new roles, having served as Open Lending’s CFO since 2020. Prior to joining the company, Jehl held various leadership positions at Forestar Group for over a decade, including CFO and treasurer. Jehl emphasized Open Lending’s technological prowess, strong financial position, and promising future, expressing his commitment to ensuring a smooth transition and continued engagement with stakeholders.

Board’s Confidence in Leadership
Chairman of the board, Jessica Buss, expressed confidence in Chuck Jehl’s ability to guide Open Lending through this interim period while maintaining focus on the company’s priorities for 2024. Acknowledging Keith Jezek’s contributions, Buss thanked him for establishing a solid foundation for future growth and fostering a talented workforce.

Market Dynamics and Strategic Initiatives
Despite challenges in the used auto market, including low inventory levels, Open Lending remains focused on innovation and growth. In February, the company launched a partner integration with Automatic, aiming to enhance its offerings and strengthen relationships with independent used vehicle dealerships.

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