Oportun Financial Corporation announced on May 7, 2025, a continued evolution of its Board of Directors, including a reduction in board size from ten to eight members. Carlos Minetti and Raul Vazquez will be nominated for election at the 2025 Annual Meeting of Shareholders.
Scott Parker and R. Neil Williams will not stand for reelection at the Annual Meeting, and a new Lead Independent Director will be selected following Mr. Williams’ tenure. This decision was made after benchmarking against industry peers and considering shareholder perspectives.
The company stated that this move aims to maintain the Board’s strength and independence, as well as its diversity of experience and expertise. The reduction in board size is intended to make the board more conventional and efficient, aligning with corporate governance best practices.
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