Oportun Financial (US:OPRT) Prnewswireยท2025-06-23 20:43Core Points - Findell Capital Partners, a major stockholder of Oportun Financial Corporation, has issued a rebuttal to Oportun's recent presentation, highlighting the need for board changes to restore company value [1] - James Gutierrez, Oportun's founder and former CEO, supports Findell's call for boardroom changes, emphasizing that Findell has identified the causes of the company's valuation gap and proposed a focused plan for recovery [2] - Findell is advocating for the election of Warren Wilcox to the Board of Directors to enhance the board's lending industry expertise and oversight of management [3] Summary by Sections Company Performance - Oportun has significantly underperformed its peers prior to Findell's involvement, indicating a need for further board refreshment to prevent additional value destruction [1] Board Composition - The company has faced criticism for not appointing independent directors with lending industry experience and for removing former CFO Scott Parker from the board [1] - Removing the failed CEO Raul Vazquez from the board is seen as a necessary step to strengthen oversight of management [1] Stockholder Engagement - Findell urges stockholders to vote for Warren Wilcox's election to the board during the upcoming Annual Meeting, emphasizing the importance of independent lending industry veterans in governance [3]