Upbound Group announced the appointment of Scott Young as its new Executive Vice President and Chief Operating Officer, effective September 22, 2026. This is a newly created role designed to unify the company's business segments, including Acima, Brigit, and Rent-A-Center, under a single leader. Mr. Young previously served as Senior Vice President and Global Head of Financial Services at PayPal.
Key Details
- Effective Date: The appointment is effective September 22, 2026.
- Compensation Package: Mr. Young will receive an annual base salary of $610,000, a target annual bonus of 60% of his base salary, and a one-time sign-on equity award of Performance Stock Units valued at $3,111,000.
- Additional Appointment: The company also announced the appointment of Dev Chakraborty, formerly of MoneyLion and Credit Karma, as the new Senior Vice President and Head of Brigit.