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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.