Nicholas Financial CEO Douglas Marohn steps down

Marohn spent 23 years in the auto finance industry

Vehicles for sale outside a Chevrolet dealership in the Queens borough of New York, U.S., on Thursday, July 15, 2021. Soaring used-car prices accounted for more than one-third of the recent increase in the consumer price index, which in June rose at the fastest rate in 13 years. Photographer: Bess Adler/Bloomberg

Nicholas Financial’s Douglas Marohn resigned from his role as chief executive on Monday after more than 23 years in the auto finance industry. Succeeding Marohn is the lender’s chief operating officer Michael “Mike” Rost, who took over Monday as interim chief executive. Rost has been with Nicholas Financial for more than 20 years and most […]

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