Exeter Finance Corp. has appointed Jason Grubb as its new Chief Executive, replacing interim CEO Mark Floyd. Floyd re-joined the company in December 2015, after then-CEO Tom Anderson departed to “pursue other interests.”
Grubb previously served as president and chief operating officer of originations at Santander Consumer USA.
Along with Grubb, Brad Martin joined Exeter as chief operating officer, the company said. Martin will also be departing SC, where he served under the same title.
Both appointments are effective immediately, the company announced, just hours after SC announced their departure this afternoon.
“I recognize that this company has positioned itself as a prominent player within the industry, and as such, has tremendous opportunities ahead,” Grubb said in a press release. Martin added that his priority is to help Exeter “service its dealer customers in the most effective and efficient manner possible,” according to the release.
On Santander’s side, Chief Executive Jason Kulas assumed the additional title of president, while Rich Morin — previously SC’s executive vice president of new business — was named chief operating officer.
“Mr. Morrin succeeds Jason W. Grubb, president and chief operating officer of originations, and Brad Martin, chief operating officer of servicing, both of whom departed the company,” the company said in a press release.
“After five years with the organization, I look forward to continuing to work collaboratively with the executive management team to leverage our strong operational foundation to continue delivering best-in-class service and execution to our clients, and to create value for our shareholders,” Morrin added.
