Oportun announced the appointment of Scott Parker as a new independent director and Richard Tambor as an observer to Oportun's Board of Directors, each effective immediately. Tambor will stand for election to Oportun's Board of Directors at Oportun's 2024 annual shareholder meeting later this year. The appointments are in connection with a cooperation agreement the Company has entered into with Findell Capital Management LLC.

Findell is an investment firm that owns approximately 7.7% of Oportun?s outstanding common shares. Scott Parker currently serves as Chief Financial Officer of NationsBenefits, LLC. Previously, Mr. Parker served as Executive Vice President and Chief Financial Officer of Ryder System Inc., and as Executive Vice President and Chief Financial Officer of OneMain Holdings Inc. Mr. Parker has also served as Executive Vice President and Chief Financial Officer of CIT Group Inc. Mr. Parker currently serves on the Board of Directors of DailyPay Inc. as Chairman of its Audit and Risk Committee.

Mr. Parker earned a B.S. in Agricultural Economics from Cornell University. Richard Tambor previously served as the Executive Vice President and Chief Risk Officer at OneMain Holdings Inc. Prior to OneMain, Mr. Tambor was the Senior Vice President and Chief Risk Officer of Retail Financial Services at JPMorgan Chase & Co. Mr. Tambor also served as the Managing Director at Novantas LLC, and was a Senior Advisor at Inductis Inc. Mr. Tambor began his career at American Express Travel Related Services Co.

Inc. (parent organization of American Express), where he rose to Chief Risk Officer of Small Business Services and served as President and General Manager of American Express Business Finance Corp. Mr. Tambor received a B.A. in Economics from The Hebrew University of Jerusalem, and an M.A. in Economics from New York University.