Western Funding Inc. hired Garrett Weyrich — a 17-year auto financing vet — as the company’s new vice president of sales and marketing, in order to keep up with “significant growth,” Vice President Bret Pangborn said in a press release.
“Garrett has had multiple successes with companies of similar business models to WFI,” Pangborn added in the release. “We look forward to utilizing this experience, knowledge and leadership to enhance Western Funding’s continued growth.”
That experience includes selling and financing off-lease vehicles for US Bank Auto Remarketing, bulk purchasing and point-of-sale financing at Wells Fargo Auto Finance, expanding volume in Florida for Credit Acceptance Corporation, and expansion into the Midwest for GO Financial — which closed its doors in May.
“Garrett brings a lot of experience in auto finance that will help him be a great sales leader,” Ian Anderson, group president of Western’s parent company, Westlake Financial Services, said in the release. “That past knowledge will help Western Funding continue to grow in our competitive industry.”
The company announced in June that then-President Guerin Senter had left the company — a position that has yet to be filled, Anderson told Auto Finance News. Weyrich will report to Anderson, and Western’s VP of Operations Amber Hahn. in the interim, he added.
The Las Vegas-based company specializes in subprime auto lending, especially the acquisition and installment of loan contracts originated by partner dealer networks as well as portfolio purchases.1 - Reader Likes This Post