Upbound Appoints Scott Young as Executive Vice President and Chief Operating Officer

Upbound Group, Inc. announced the appointment of Scott Young as Executive Vice President and Chief Operating Officer, effective September 22, 2026. Mr. Young will report directly to Fahmi Karam, the Company’s Chief Executive Officer. The appointment was disclosed in a Form 8-K filed with the SEC on September 22, 2026.

Mr. Young brings more than 30 years of experience in consumer financial services, fintech, payments, lending, and digital banking. His most recent role was as Senior Vice President and Global Head of Financial Services at PayPal, Inc., where he oversaw buy now, pay later, debit and credit card, and savings businesses across 11 countries. Prior to PayPal, he served as Founder and CEO of Aisling Consulting and held leadership positions at Goldman Sachs, Citigroup, Barclays, GE Capital, and MBNA.

In his new role, Mr. Young will lead the strategic alignment and execution across Upbound’s business segments, including Acima, Brigit, and Rent-A-Center. The Company stated that the newly created role aims to unify these business units under a single leader to drive growth and revenue-generating synergies.

Separately, the Company announced the appointment of Dev Chakraborty as Senior Vice President and Head of Brigit. Mr. Chakraborty brings over 20 years of operating leadership across fintechs, credit cards, and personal loans. Most recently, he served as General Manager of Cards, Mortgages, and Data Partnerships at MoneyLion. Previously, he was General Manager of Personal Loans at Credit Karma, where he grew the business to approximately $700 million in annual revenue. The Company noted that Brigit currently generates approximately $300 million in annual recurring revenue and serves 1.8 million paying users.

The Company also disclosed the terms of Mr. Young’s compensation. Per an offer letter, he will receive an annual base salary of $610,000. He is eligible for an annual cash incentive bonus with a target opportunity equal to 60% of his base salary. Additionally, he received a one-time sign-on equity award of Performance Stock Units valued at $3,111,000 under the Company’s Long-Term Incentive Plan. This award is earned based on stock price hurdle attainment over a four-year performance period. Starting in February 2027, Mr. Young will also be eligible for an annual award target equal to 170% of his base salary under the Long-Term Incentive Program.