UPBOUND GROUP appointed Scott Young as chief operating officer effective September 22, with a $610,000 annual salary and Performance Stock Units valued at $3,111,000. The newly created role is intended to align Acima, Brigit and Rent-A-Center under one leader, while the company also appointed Dev Chakraborty to lead Brigit.

Key Highlights

  • Scott Young’s appointment takes effect September 22, 2026, making him UPBOUND GROUP’s chief operating officer.
  • His compensation includes a target annual cash incentive equal to 60% of base salary.
  • His offer includes a Performance Stock Unit award valued at $3,111,000.

UPBOUND GROUP, INC. (NASDAQ: UPBD) is a finance, rental and leasing company. Scott Young will become its Executive Vice President and Chief Operating Officer effective September 22, 2026, reporting directly to Chief Executive Officer Fahmi Karam. The newly created position will bring Acima, Brigit and Rent-A-Center under one operating leader. The appointment includes an annual base salary of $610,000 and a Performance Stock Unit award valued at $3,111,000.

Compensation and Leadership Appointments

He becomes eligible in February 2027 for the Long-Term Incentive Program, whose annual award target equals 170% of base salary. The offer also includes senior-executive benefit plans and an Executive Transition Agreement covering specified payments and benefits after an involuntary termination, subject to its terms.

Operating Alignment Across the Portfolio

The company linked the structure to growth, cross-sell opportunities, operating efficiency and revenue-generating synergies. Chakraborty’s prior work includes growing Credit Karma’s personal-loan Business to approximately $700 million in annual revenue.