Oportun names interim Office of the CEO as Raul Vazquez departs; CEO search ongoing

Oportun Financial Corp

Raul Vazquez transitions from CEO to non-employee advisor effective April 3, 2026; steps down from Board same day.
Kathleen Layton (Chief Legal Officer) and Gaurav Rana (SVP, Lending) appointed as co-principal executive officers in joint Office of the CEO effective April 4, 2026.
Both receive $35,000/month base salary increase during interim period; Layton's base salary becomes $485,000 annually, Rana's $470,750.
CEO search is progressing; Board has engaged with a compelling list of candidates per Lead Independent Director Louis Miramontes.
Vazquez will serve as an advisor to the Company through July 3, 2026 to ensure smooth transition.

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