Exeter Finance Corp. Chief Executive Tom Anderson has resigned from his position, and as a member of the board of directors, “to pursue other interests,” the company announced today. Mark Floyd, who formerly served as Exeter’s CEO will serve as interim CEO.
Martin Brand, chairman of Exeter, thanked Anderson in a press release for his leadership during the company’s efforts to consolidate its originations platform and streamline its operation.
“We are excited about Exeter and its prospects and thank Tom for his leadership,” Brand said in the release. “We are also grateful that Mark Floyd has agreed to come back from retirement and step in as Interim CEO. Mark is a highly respected executive with extensive industry experience in auto finance. His strong track record and previous tenure as CEO make him an ideal and natural choice for Interim CEO.”
The Irving, Texas-based subprime lender previously announced Floyd’s resignation on Oct. 22, 2014.
“During my over five years as an executive and member of the Exeter Board, I have had the privilege of serving the company as it has evolved into a major player in the auto finance industry,” Floyd said. “I look forward to working with Exeter’s deep and experienced leadership team as we continue that evolution. I am fully committed to ensuring a seamless transition and continuity in leadership.”
