CURO Group Holdings Corp. Appoints Bob Hurzeler to Board of Directors effective September 1, 2023

CURO Group Holdings Corp. has made an exciting announcement regarding the appointment of Bob Hurzeler, who serves as the Chief Executive Officer of Flagship Credit Acceptance. Starting from September 1, 2023, Hurzeler will be joining CURO's Board of Directors. Alongside this news, CURO has successfully finalized the sale of FLX Holding Corp., its Canadian point-of-sale business.

Flexiti, a subsidiary of Questrade Financial Group Inc., has completed the acquisition of Flagship Credit Acceptance. The closing of the deal resulted in net proceeds of approximately CAD 39 million, after taking into account transaction costs and adjustments for escrow and holdbacks. Additionally, CURO is anticipating receiving CAD 25-30 million in late 2023, with the potential of up to CAD 4 million in the future, as outlined in the terms of the definitive agreement. Mr. Hurzeler, who has been the Chief Executive Officer of Flagship Credit Acceptance since 2019, will continue in his role.

Before joining Flagship, Mr. Hurzeler worked as the Chief Operating Officer for OneMain Financial, a company that provides loans to people with lower credit scores, from 2014 to 2019. Earlier in his career, Mr. Hurzeler held the same position at Global Lending Services, a company that offers auto loans, from 2012 to 2014. He also had various roles of increasing responsibility at Wells Fargo & Company from 1986 to 2012, including being the President of Auto Finance from 2008 to 2012. Mr. Hurzeler obtained a Bachelor of Arts degree in Business from Concordia University-Wisconsin.