CURO Group Holdings Corp. announced resignation of Donald Gayhardt as Chief Executive Officer and a director of the Company and the appointment of Douglas Clark as Chief Executive Officer and a director of the Company. Effective November 15, 2022, Mr. Gayhardt resigned from his position as Chief Executive Officer and as a member of the Company's board of directors and certain subsidiaries of the Company.

The Company and Mr. Gayhardt are still discussing the terms of Mr. Gayhardt's departure. There is no disagreement, known to an executive officer of the Company, as defined in 17 CFR 240.3b-7, between the Company and Mr. Gayhardt on any matter relating to the Company's operations, policies or practices. Effective November 15, 2022, the Company's board of directors appointed Mr. Clark as the Company's Chief Executive Officer.

Mr. Clark, 57, served as the Company's President of North America Direct Lending since June 2022, following the Company's acquisition of SouthernCo Inc. (d/b/a Heights Finance) (“Heights Finance”) in December 2021. Mr. Clark joined Heights Finance in July 2020 to lead the integration of Heights Finance and Southern Management Corporation. From 2015 to 2020, Mr. Clark was President and Chief Executive Officer at Axcess Financial Services Inc. and served as Chief Operating Officer from 2004 to 2015.

Prior to Axcess Financial, Mr. Clark worked with Chiquita Brands International in a variety of financial and operational roles from 1998 to 2004. Mr. Clark is a board member of American Financial Services Association. Mr. Clark earned his bachelor's degree in Finance from Xavier University.

In appointing Mr. Clark as a director, the board of directors considered Mr. Clark's breadth of experience, including 18 years of consumer finance experience leading diverse consumer financial services companies and driving growth. The board of directors believes that Mr. Clark's deep knowledge of the consumer finance industry and its regulatory environment coupled with his extensive leadership experience and strategic insight qualifies him to serve as a member of the Company's board of directors.