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Mitch Fadel
Mitchell Fadel (left) and Fahmi Karam [Photos: Upbound Group]
North Texas Rent-A-Center Parent Upbound Group Announces CEO Transition
by Lance Murray | Feb 20, 2025
After 40 years with Upbound, Mitch Fadel has decided to retire as CEO and step down from the board. EVP and CFO Fahmi Karam is succeeding him; a search for a new CFO is underway.
by Lance Murray |
Dec 16, 2024
Upbound—parent company of Rent-A-Center and Acima—called the deal "a logical next step" reflecting its strategic focus on expanding its tech-driven financial solutions for consumers who are underserved by the traditional financial system.
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by David Seeley |
Feb 23, 2023
The company's new corporate Upbound name reflects both its growth—the 2020 acquisition of Acima lease-to-own solutions nearly doubled its business—and its mission. "Upbound can help elevate our customers, providing them with greater access and a path towards financial flexibility," says CEO Mitch Fadel. The name change will impact the company's stock ticker, but not its retail-facing businesses: Rent-A-Center and Acima will continue to operate under their existing names.
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