Management ChangeJun 10, 2026, 04:41 PM
Credit Acceptance Appoints Joseph Billante CFO; Jay Martin to Retire
AI Summary
Credit Acceptance Corporation announced a change in its Chief Financial Officer role. Jay D. Martin will retire effective July 27, 2026, after 23 years with the company, and will transition to a consulting role until August 31, 2026. Joseph Billante has been appointed as the new CFO, effective July 27, 2026. Mr. Billante's compensation package includes a base salary, signing bonus, and restricted stock units. He brings extensive experience from previous roles at Barracuda Networks, eBay, and General Electric.
Key Highlights
- Jay D. Martin, CFO of Credit Acceptance, to retire effective July 27, 2026, after 23 years of service.
- Joseph Billante appointed as the new Chief Financial Officer, effective July 27, 2026.
- Mr. Billante's compensation includes an annual base salary of $750,000, a $300,000 signing bonus, and 26,223 Restricted Stock Units vesting over 10 years.
- Mr. Martin will serve in a consulting capacity as an employee advisor until August 31, 2026, and continue to receive compensation.
- Mr. Billante previously served as CFO of Barracuda Networks and held senior finance roles at eBay and General Electric.
Price Impact
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