Sheldon “Trip” Hall has left his post as president of Capital One Auto Finance to head up a segment of the company’s U.S. credit card business, Auto Finance News has learned. He will be succeeded by Ravi Raghu, most recently senior vice president of Capital One’s home equity business. Raghu joined Capital One in 2002 and held leadership positions within the company’s auto finance business between 2008 and 2014.
“This is his coming back to auto finance,” a company spokeswoman told AFN. “At Capital One, we have a long history of upping great leaders, and we do this because it gives them the opportunity to lead new businesses.”
Raghu will take on Hall’s responsibilities, which included strategy, risk, product development, marketing, credit, originations, servicing, and technology, according to Hall’s LinkedIn. In 2016, Capital One originated $21.2 billion of auto loans, a 33% increase from origination volume in 2012, the year Hall assumed the president position.
Capital One was the eighth largest auto lender in the U.S., according to Big Wheels Auto Finance Data 2016, with $41.5 billion of outstandings.
