Open Lending Co-Founder, John Flynn, Retires from the Company's Board of Directors

Core Viewpoint - Open Lending Corporation announced the retirement of co-founder John J. Flynn from the Board of Directors, effective January 16, 2025, while he will continue to serve as a consultant until the end of 2025 [1][2]. Group 1: Leadership Transition - John J. Flynn has decided to step down from the Board, expressing confidence in the leadership of CEO Chuck Jehl [2]. - Flynn has been a member of the Board since 2000 and served as CEO from April 2000 until October 2022, contributing significantly to the company's mission and growth [2][3]. Group 2: Company Mission and Impact - Open Lending was founded over 20 years ago with the mission to make vehicle ownership more accessible to applicants in the near- and non-prime credit spectrum [2]. - The company provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders across the United States, empowering financial institutions to create profitable auto loan portfolios [4]. Group 3: Acknowledgment of Contributions - The Board Chairman, Jessica Buss, and CEO Chuck Jehl acknowledged Flynn's invaluable contributions and leadership, emphasizing his role in establishing a strong foundation for growth and innovation in the automotive lending industry [3].