Mitch Fadel joins DriveItAway Holdings board of advisors

DriveItAway Holdings Inc. (OTC: DWAY) announced that Mitch Fadel, former CEO of Upbound Group (NASDAQ: UPBD) and Rent-A-Center, has joined its board of advisors.

Fadel previously led Upbound Group and its predecessor company Rent-A-Center, where he oversaw international expansion, created retail partner divisions, and completed over $2 billion in acquisitions. He also worked at EZ Pawn, where the company reported a 25% increase in profits and more than tripled its stock price during his tenure.

"Few executives have more experience serving the subprime alternative credit market—and scaling companies profitably—than Mitch," said John F. Possumato, founder and CEO of DriveItAway Holdings.

Fadel stated: "In my career at Upbound Group, Rent-A-Center, and EZ Pawn, I've seen firsthand the enormous demand for accessibility in underserved markets. Personal transportation is the next frontier. I'm excited to help DriveItAway capture this opportunity and build toward a future Nasdaq uplisting."

The appointment follows DriveItAway's partnership with Free2move, Stellantis' mobility brand, which integrates lease-to-own technology with vehicle supply.

DriveItAway operates a dealer-focused mobility platform that enables car dealers to offer lease-to-own vehicle subscriptions through a mobile app. The company provides technology, insurance coverage, and training to dealerships for online sales opportunities.

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