Credit Acceptance announces Ravi Mohan as Chief Technology

SOUTHFIELD, Mich., Oct. 31, 2022 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (hereinafter referred to as the “Company”, “Credit Acceptance”, “we”, “our” or “us”) today announced that Ravi Mohan has joined our Senior Leadership Team as Chief Technology Officer on October 24, 2022.

In his role, Ravi will be responsible for the technologies that support our team members, merchants and consumers – driving the successful implementation of technologies that grow the business, as well as providing services and products that help us achieve our strategic business goals.

Ravi most recently served as senior vice president of engineering and CIO at Datto, Inc. At Datto, Ravi was responsible for leading all digital experience, technology and integration platforms and driving the company-wide priority and roadmap. He also managed internal IT and all employee experience platforms and tools.

Prior to Datto, Ravi was Vice President, SaaS Cloud Engineering at Oracle and Head of Cloud Engineering Ops at Adobe. During his time at Oracle, Ravi led the renowned enterprise application Fusion to the cloud, implementing large-scale initiatives that spanned multiple teams and fostered a customer-centric mindset. At Adobe, Ravi led a fast-growing, high-performing team and managed Adobe’s public cloud (AWS, Azure), one of the largest public cloud implementations in the industry, driving efficient use of the cloud, saving Adobe millions. Ravi received his Bachelor of Engineering from the National Institute of Technology.

“I’m excited to have Ravi join our leadership team,” said Ken Booth, Chief Executive Officer. “He brings deep and strategic knowledge and experience to an already amazing team and I believe that together we will continue to achieve our goals.”

“I was drawn to Credit Acceptance’s great culture, expertise and proven role in supporting positive change in the lives of their clients,” said Ravi Mohan. “In today’s turbulent financial environment, Credit Acceptance’s deep expertise and relationships, combined with its use of modern technology, open up opportunities with great impact. I am thrilled to be with Credit Acceptance to serve on this journey.”

Description of the Credit Acceptance Corporation

Since 1972, Credit Acceptance has offered financing programs that allow auto dealers to sell vehicles to consumers regardless of their credit rating. Our financing programs are offered through a nationwide network of auto dealers who benefit from selling vehicles to consumers who otherwise would not be able to obtain financing; from repeat and referral sales generated by the same customers; and from sales to customers who respond to ads for our financing programs but ultimately qualify for traditional financing.

Without our financing programs, consumers are often unable to buy vehicles, or they buy unreliable ones. Because we report to the three national credit bureaus, an important added benefit of our programs is that we offer consumers the opportunity to improve their lives by improving their credit scores and moving to more traditional sources of finance. Credit Acceptance is publicly traded on the Nasdaq Exchange under the symbol CACC. Visit creditacceptance.com for more information.

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