On February 20, 2025, Upbound Group Inc. announced its financial results for the year ending December 31, 2024, and that CEO Mitchell E. Fadel will retire on June 1, 2025, with Fahmi Karam appointed as the new CEO. Karam's annual salary will be $1,100,000 with a target bonus of 150% and an equity award valued at 450% of his salary.