Mitchell Fadel

Chief Executive Officer & Director, Upbound

Search every verified Mitchell Fadel interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mitchell Fadel, Chief Executive Officer and Director of Rent-A-Center, discussed the company's fourth-quarter and full-year 2019 results during a February 25, 2020 earnings call. He reported positive results for 2019 and highlighted the integration of Merchants Preferred, noting that the business was fully integrated and ready to go, with enhancements to technology and a nearly tripled sales team since the acquisition. Fadel also mentioned the addition of a dedicated person for large national accounts and expressed optimism about the pipeline for both regional and national retail partners. Fadel addressed the company's performance in the fourth quarter, noting that despite a difficult comparison from the prior year, the business segment achieved mid-teens growth on a two-year comp basis. He also discussed cost savings initiatives within the business segment, expecting an additional $10 to $15 million in savings for the coming year. Regarding franchise opportunities, Fadel noted that selling lower-performing stores would have a minimal impact on earnings before interest, taxes, depreciation, and amortization (EBITDA) due to royalty rates, with the primary impact being on revenue. He closed the call by thanking the company's approximately 14,000 coworkers for their efforts in 2019 and expressing commitment to repeating that performance in 2020.