Auto Finance News presents industry staffing shuffles for the month of March.
Gang joins SAFCO as senior risk officer
Subprime auto finance company SAFCO has named auto finance veteran and entrepreneur Kenneth Gang the company’s senior risk officer.
Since 2017, Gang has served as interim chief executive of fintech Bambu Finance, which provides digital wealth technology for businesses. He has also held chief risk officer positions at CAN Capital and Global Lending Services and led risk management teams at Hyundai Capital America and Wells Fargo Auto.
Gang’s experience spans credit risk and portfolio management, collections strategy, decision and operations analytics, product development and strategic planning.
“It’s great to join a leading organization like SAFCO, and I’m looking forward to helping the company strategically grow through leveraging data and technology,” Gang said.
NextCar fills out senior management team
Fintech startup NextCar, a vehicle subscription platform, recently announced seven key appointments as the company fills out its senior management team. The positions cover operations, finance, accounting and revenue aspects of the business.
Chris Andrews, who has 25 years’ experience in the software and technology industry, was named NextCar’s chief product and technology officer; Joseph Chang has joined the company as chief revenue officer, after eight years of private equity and 12 years of global investment banking experience.
Matthew Cacciola is the new chief design officer. Cacciola was co-founder and executive vice president of design at Fair and spent seven years as the design director for Apple; 20-year direct-to-consumer business veteran Lucas Donat was named chief marketing officer.
Jim Nguyen, former co-founder of TrueCar, has been named president and chief operating officer, according to a company statement. Previously, Nguyen was president of ALG, which is now part of J.D. Power. He has also held senior roles at Toyota and Deloitte & Touche.
Finally, Jorge Munoz brings 15 years’ experience in loan servicing and risk management to the role of vice president of servicing, while Kash Sheikh is NextCar’s new chief financial officer. Sheikh has more than two decades of investment and governance experience, having led multiple merger and acquisition transactions, and two private family investment companies.
MotoRefi adds three new executives
Fresh off a $10 million Series A1 funding round, fintech MotoRefi is adding three new executives to its team. Aaron Fagan will join as senior director of analytics, Casey Clare Fraser as executive level chief of staff, and Dan Morrison as vice president of product.
Previously, Fagan served as an analytics and strategy leader at Uber; Fraser served in a similar role at software provider Optoro; and Morrison served as senior product director at LiveSafe, a mobile platform for safety and security risk reporting, emergency communications, and COVID-19 health assessments and mitigation.
“This investment in senior, high-caliber talent showcases our commitment to rapid growth and building a world-class, mission-driven fintech company,” said MotoRefi Chief Executive Kevin Bennett.
The auto refinance fintech will be moving its headquarters to Washington, D.C., from Arlington, Va., to help facilitate the company’s continued growth, according to a statement.
Cox Auto’s Barnard to retire
Janet Barnard, executive vice president and chief people officer at Cox Automotive, will retire at the end of June, President Steve Rowley said in a statement. Barnard has served with Cox for 15 years, having held general manager roles in several regions before being named president of Manheim in 2014.
Barnard also served as president of inventory solutions, and in 2017 was named chief people officer to help modernize the Cox Automotive workplace and attract new talent. Barnard was the 2016 recipient of Turknett Leadership Group’s Leadership Character Award and was an Atlanta Business Chronicle ‘Women Who Mean Business’ honoree. Cox Auto will immediately begin working to fill Barnard’s role, Rowley said.
Auto Finance Risk Summit, the premier event for risk and compliance in auto finance, returns May 11-12, 2021 as a virtual experience. The virtual experience will offer the quality networking and education of past events, all through an online platform. To learn more about the 2021 event and register, visit www.AutoFinanceRiskSummit.com.