Upbound Group, Inc. (UPBD), a provider of household durable goods to customers on a lease-to-own basis, Thursday said its Chief Executive Officer Mitch Fadel has decided to retire after 40 years of service.
He will be replaced by Fahmi Karam, the company's executive vice president and chief financial officer, who will join the Board effective June 1, 2025.
The company noted that it has commenced an internal as well as external search for its new finance chief.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.