CEO Ken Booth to retire Jan 2026; Vinayak Hegde appointed as next CEO effective Nov 13, 2025

CREDIT ACCEPTANCE CORP

Kenneth S. Booth retires as CEO and President effective Jan 31, 2026; will remain a board member.
Vinayak R. Hegde, previously a board member, appointed CEO and President effective Nov 13, 2025.
Hegde receives $1.1M base salary, $500K signing bonus, and 140,000 RSUs vesting over 10 years.
Hegde was most recently Consumer CMO at T-Mobile and held leadership roles at Amazon, Airbnb, and Groupon.

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