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President and CEO Steve Michaels Named Chairman of PROG Holdings, Inc.

  • PROG Holdings, Inc. (NYSE: PRG) announced that its Board of Directors named President & CEO Steve Michaels as the new Chairman of the Board.
  • Mr. Michaels succeeds Ray Robinson, who transitions to the position of Lead Independent Director.
  • Ray Robinson cited Michaels' strategic vision, management team building, strong financial performance, & diversification of the payment solutions ecosystem as reasons for the appointment.
  • Steve Michaels expressed honor at the appointment, thanked Robinson for his contributions, & pledged to continue executing the Company's vision alongside the Board.
  • PROG Holdings is a Salt Lake City-based fintech firm providing payment options through subsidiaries including Progressive Leasing, Four Technologies, MoneyApp, & Purchasing Power.