Oportun Financial Corporation (NASDAQ: OPRT) announced that Kate Layton and Gaurav Rana will assume interim leadership through a joint Office of the CEO, effective April 4, 2026, according to a press release statement.

The leadership transition follows the previously announced departure of Raul Vazquez as Chief Executive Officer and board member. Vazquez will serve as an advisor to the company until July 3, 2026.

Layton will continue her role as Chief Legal Officer and Corporate Secretary while assuming interim CEO responsibilities. She has served in her current position since July 2023 and joined Oportun in 2015, previously working as Deputy General Counsel and Corporate Secretary.

Rana will maintain his position as General Manager of Lending alongside his interim CEO duties. He has served as Senior Vice President and General Manager of Lending since February 2024 and joined Oportun in 2017 as Head of Data and Analytics.

Louis P. Miramontes, Lead Independent Director, stated the board continues to make progress in its CEO selection process and has engaged with candidates for the permanent position.

Prior to joining Oportun, Layton worked as Senior Corporate Counsel at ServiceNow and as an attorney at Simpson Thacher & Bartlett LLP and McDermott Will & Emery LLP. Rana previously held positions in Capital One's Credit Card and Retail Banking divisions and worked in senior roles at McKinsey & Company's financial services practice.

The San Mateo, California-based financial services company reports it has provided more than $21.8 billion in credit since inception.