CURO Group Holdings Corp. announced Bob Hurzeler, Chief Executive Officer of Flagship Credit Acceptance, has been appointed to CURO?s Board of Directors effective September 1, 2023. In addition, CURO also announced it has completed the sale of its Canadian point-of-sale business, FLX Holding Corp.

(?Flexiti?), to Questrade Financial Group Inc. After deal and transaction costs, approximately CAD 39 million of net proceeds were received at closing, inclusive of adjustments for escrow and holdbacks. CURO also expects to receive CAD 25-30 million in late 2023 and up to CAD 4 million in subsequent periods, subject to adjustments, in accordance with the terms of the definitive agreement. Mr. Hurzeler has served as the Chief Executive Officer of Flagship Credit Acceptance, an auto lender, since 2019.

Prior to joining Flagship, Mr. Hurzeler served as Chief Operating Officer of OneMain Financial, a non-prime lender, from 2014 to 2019. Earlier in his career, Mr. Hurzeler was Chief Operating Officer of Global Lending Services, an auto lender, from 2012 to 2014, and served in various roles of increasing responsibility at Wells Fargo & Company (NYSE: WFC) from 1986 to 2012, including serving as President of Auto Finance from 2008 to 2012. Mr. Hurzeler holds a B.A. in Business from Concordia University-Wisconsin.