Findell Capital Presses for Board Shake-Up at Oportun Financial (OPRT), Urges Shareholders to Remove CEO Vazquez and Elect Lending Expert Warren Wilcox

On June 3, 2025, Findell Capital, a major shareholder of Oportun Financial (OPRT), issued a letter urging stockholders to support meaningful boardroom change due to years of underperformance and governance failures. Citing over 85% stock decline since the IPO and more than $1 billion in wasted capital, Findell blamed CEO Raul Vazquez and a legacy board lacking lending experience for strategic missteps and inflated costs. The firm criticized the board’s removal of director Scott Parker—credited for operational improvements and a 190% stock rebound—as an act of entrenchment. Findell called on shareholders to vote the WHITE proxy card to elect Warren Wilcox, reelect Carlos Minetti, and reject Vazquez’s board seat. They also advocated governance reforms, cost cuts, and eliminating the 36% interest rate cap to unlock the company’s full potential.