Octane appoints new leaders amid expansion
Powersports lender and technology company Octane announced a number of key staffing shuffles this month as it continues to expand its footprint. Octane named Shadi Ashkar as senior vice president of shared experiences, Tony Perlingieri as senior vice president of people, and Steven Daum as vice president of powersports sales.
Ashkar joined Octane as senior vice president of engineering in January and was named senior vice president of shared experiences in August, the company announced. He brings 26 years of engineering experience to his position.
Senior Vice President of People, Perlingieri, joined Octane from AWP Best in Class HR Consulting LLC where he served as global chief resources officer, and has held human resource leadership positions across different companies for the past 38 years, including a 6-year stint with grocery delivery company FreshDirect.
Finally, Daum was appointed vice president of powersports sales at Roadrunner Financial, Octane’s finance arm, bringing 15 years of client development and wholesale and consumer lending experience. Before joining Roadrunner Financial, Daum spent nearly eight years at Sheffield Financial, Truist Bank’s powersports division, as senior vice president and chief sales officer.
Deacon steps up at Lithia Motors
Lithia Motors announced Carol Deacon was named senior vice president of automotive dealer Driveway and electric vehicle education and shopping platform GreenCars.
In her new position, Deacon will head the development and execution of the companies’ e-commerce platforms and work toward the goals of achieving $50 billion in revenue and more than $55 in earnings per share as part of the 2025 plan for the Lithia companies.
Deacon joined Lithia when the automotive retailer acquired Toronto-based Pfaff Automotive Group, where she served as chief operating officer. Prior to Pfaff, she was in corporate strategy and change management at McKinsey & Company.
Nikola announces new CEO
Nikola Motor announced Aug. 11 that Michael Lohscheller became president at Nikola Corporation and will take over as chief executive, effective Jan. 1, 2023, when current CEO Mark Russell retires, according to a company release. Lohscheller assumed Russell’s title as president of Nikola ahead of the CEO transition.
Russell became president of zero-emissions transportation and energy infrastructure solution company Nikola Corp. in February 2019 and became CEO in late 2020. He will remain on the Nikola Board of Directors.
Lohscheller, a 21-year global automotive industry veteran, joined Nikola Motor in February. During his tenure, he assisted in moving the Tre battery-electric vehicle (BEV) into production and reached development milestones for the Tre fuel cell electric vehicles, according to the release.
Shift’s Clementz named CEO, Arison departs
Shift Technologies announced that Chief Executive George Arison is stepping down Sept. 1, and Jeff Clementz, current president at the online used-car marketplace, will become CEO.
Clementz has nearly two decades of executive experience and has served as Shift’s president since September 2021, according to LinkedIn. He most recently served in multiple roles at Walmart from 2015 to 2021 and as vice president at PayPal from 2003 to 2015.
Clementz plans to focus on building and maintaining a high-performing, inclusive culture when he takes over as president, he told Auto Finance News. He also plans to focus on achieving positive returns, increasing the company’s e-commerce penetration on the West Coast, scaling its marketplace, and ensuring a successful integration with Richmond, Va.-based used-car marketplace CarLotz once the merger closes in late Q4, Clementz added.
Arison’s departure from the company follows co-founder and former co-CEO Toby Russell’s departure in February. The two co-founded Shift in 2013 and served together for nine years.
Arison will continue to serve as chairman of the Shift’s Board of Directors, according to the release.
EFG appoints new VP of training, recruiting
Aftermarket product provider EFG Companies in early August announced the addition of Kim Kotz Carroll as vice president of training and recruiting.
The automotive industry sales and operations leader joins the team with prior experience in the field. She previously served as principal of KKC Consulting; operations program director at Spireon; vice president of sales operations at DealerSocket; and in a variety of roles at Cox Automotive, including enterprise client relations director, director of corporate sales strategy, and director of sales operations and market performance.
EFG Companies provides consumer protection programs for vehicles and residences across seven market channels.
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