Oportun Names Kate Layton and Gaurav Rana Interim Co-CEOs Starting April 4
Oportun’s Board appoints Kate Layton and Gaurav Rana as co-interim CEOs effective April 4, 2026, following Raul Vazquez’s departure, with Vazquez serving as advisor until July 3, 2026. Layton retains her Chief Legal Officer and Corporate Secretary roles while Rana continues as Senior Vice President and General Manager of Lending.
1. Interim Leadership Announcement
On April 2, 2026, Oportun’s Board announced that Kate Layton and Gaurav Rana will jointly assume the Office of the CEO on an interim basis starting April 4, 2026, following the departure of Raul Vazquez as Chief Executive Officer and board member.
2. Interim Co-CEOs’ Backgrounds
Kate Layton has served as Chief Legal Officer and Corporate Secretary since July 2023 and has been with Oportun since 2015, previously holding roles in senior corporate counsel positions. Gaurav Rana has been Senior Vice President and General Manager of Lending since February 2024, after joining Oportun in 2017 and holding leadership roles in data, analytics, and customer strategy at Capital One and McKinsey.
3. CEO Search Progress and Advisory Role
The Board continues its search for a permanent CEO from a compelling list of candidates, while Raul Vazquez will remain with the company as an advisor through July 3, 2026 to ensure a smooth and orderly transition.