Oportun Financial Corporation (Nasdaq: OPRT) has announced a significant leadership transition as Raul Vazquez steps down from his role as Chief Executive Officer (CEO) effective April 3, 2026. Following his departure, Kathleen Layton, the current Chief Legal Officer, and Gaurav Rana, Senior Vice President and General Manager of Lending, will jointly lead the company as co-principal executive officers until a permanent CEO is appointed. This transition comes as part of the company's ongoing efforts to ensure stability and continuity in its leadership while it conducts a search for a new CEO. The Board of Directors expressed confidence in Layton and Rana's capabilities, highlighting their extensive experience and commitment to Oportun's mission. Layton has been with the company since 2015, while Rana joined in 2017, bringing valuable insights from their previous roles in the financial services sector. The company is expected to continue its operations smoothly during this transition period, with both interim leaders maintaining their current responsibilities alongside their new roles. The Board is actively engaged in the CEO selection process and is optimistic about finding a suitable candidate to lead Oportun into its next phase of growth.

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