Credit Acceptance Corporation (NASDAQ: CACC) announced Joe Billante will join as Chief Financial Officer effective July 27, 2026, replacing Jay Martin who will retire after 23 years with the company.

Billante brings more than 25 years of executive leadership and finance experience. He most recently served as CFO of Barracuda Networks, leading global finance operations through strategic transformation. He spent 13 years at eBay in senior finance roles, including CFO for the company's European and Greater China businesses and Vice President of Investor Relations. Prior to eBay, Billante worked 11 years at General Electric, serving as CFO of a global division of GE Healthcare.

"Joe brings exceptional breadth—from deep operational finance experience at GE, to navigating complex investor and capital markets situations at eBay, to leading a full finance organization as CFO of Barracuda," said Vinayak Hegde, Chief Executive Officer.

Martin joined Credit Acceptance in 2003 and has served in financial leadership roles throughout his tenure. He will participate in the company's second quarter earnings alongside management and remain engaged through August 31, 2026, as part of the planned transition.

"It has been the privilege of my career to serve Credit Acceptance and its mission of making vehicle ownership accessible to consumers who might not otherwise have that opportunity," Martin said.

Credit Acceptance provides financing solutions that enable automobile dealers to sell vehicles to consumers regardless of credit history through a nationwide network of dealers. The Southfield, Michigan-based company trades on the Nasdaq Stock Market.