On April 18, 2023, the board of directors of ExcelFin Acquisition Corp. accepted the resignations of Logan Allin as the chief executive officer of the company, effective immediately. On April 18, 2023, the board appointed Joe Ragan as CEO of the company, effective immediately.

Mr. Ragan will also retain his role as Chief Financial Officer (CFO) of the company. Mr. Ragan, age 61, has served as the company's CFO since March 2021. Mr. Ragan is currently serving as the CFO for the Domtar division of the Paper Excellence Group as well as the Head of Finance for the Group.

Previously, from 2018 to 2019, Mr. Ragan served as CFO for Resideo/Honeywell Homes, a leading global manufacturer of thermostats and security panels. From 2013 to 2018, Mr. Ragan also served as CFO for Ferroglobe PLC, the leading global manufacturer of metal alloys and other metallic products that was created through a merger of FerroAtlántica and Globe Specialty Metals. From 2008 to 2013, Mr. Ragan previously served as CFO at Boart Longyear, a publicly traded mining and manufacturing company, and UNICOM Government Inc., previously known as GTSI, a publicly traded government contractor.

Mr. Ragan holds an M.S. in Accounting from George Mason University and a B.S. in Accounting from The University of the State of New York. Mr. Ragan began his finance career with Deloitte, and is a licensed Certified Public Accountant (CPA) in the Commonwealth of Virginia. Mr. Ragan also serves as the President and Chairman of the Audit Committee of the Board of Directors for the nonprofit USA Judo.