Auto Finance News presents industry staffing shuffles for the month of February.
SCUSA names first chief diversity officer
Santander Consumer USA announced that Virnitia Hendricks has been appointed chief diversity officer to oversee the lender’s diversity and inclusion office. As the first senior executive in the role, Hendricks will lead SCUSA’s “cultural change with a focus on comprehensive and results-driven outcomes,” Chief Executive Mahesh Aditya said in the lender’s fourth-quarter earnings call.
“I’m so excited to join Santander Consumer USA as its inaugural Chief Diversity Officer. Our Office of Diversity, Equity, and Inclusion will be innovative and bold in advancing Santander Consumer’s commitment to increasing representation, fostering inclusive behaviors, and promoting fairness and social justice,” Hendricks said in a statement on LinkedIn.
Bauer joins NextCar subscription service leadership
Georg Bauer has joined Scott Painter’s subscription service founded in October 2020, NextCar, as cofounder, president, and vice chairman of the board of directors. Bauer and Painter founded leasing startup Fair together in 2016.
Bauer is a 40-plus year veteran of the auto finance industry, having served as chief executive of Mercedes Credit Corp. and BMW Global Financial Services. He is also credited with building Tesla Finance’s businesses in Europe and Asia, according to a NextCar release.
“The automotive industry is the last major sector of the economy to digitize its retail experience for the consumer,” Bauer said. “The ability to secure a vehicle via an app, then simply pay-as-you-go for as long as that vehicle serves your needs is logical given the dynamic lifestyle of today’s consumers, especially taking into account pandemic driven priorities.”
Jackson to head SCUSA auto finance
Industry veteran Bruce Jackson has been named head of Santander auto finance, effective April 28. Jackson will lead SCUSA’s core auto originations and serve alongside Shawn Allgood, who will remain head of Chrysler Capital and auto relationships.
Both men will manage sales, originations and funding operations for their respective lines of business, according to a company release. In his new role, Jackson will report directly to SCUSA Chief Executive Mahesh Aditya.
Prior to joining Santander, Jackson served as managing director and head of dealer services at Chase Auto, a position he’d held since 2013. He was previously responsible for managing a team of 1,100 employees, and the P&L on the bank’s auto portfolio, including consumer and commercial auto loans. Jackson has also held senior roles at Ally Financial, Bank of America, Toyota Motor Credit and WFS Financial.
Manheim appoints president of vehicle information
Brad Burns, a 17-year auto industry veteran, has been named Manheim’s first associate vice president of vehicle information. Burns will focus on improving client confidence in Manheim’s digital marketplace at a time when 81% of the company’s sales are online, according to a company release.
“To help clients be comfortable online, we have to be highly consistent about what information we collect, how we collect it and how we share that information,” said Zach Hallowell, senior vice president of Manheim Digital Solutions. “Brad’s close work with our clients over the years gives him the unique perspective needed to take Manheim’s Vehicle Information to the next level.”
Burns joined Manheim in 2003 as a sales representative, and has since held various client-facing and leadership roles in several locations. In the new role he will oversee an effort to improve Manheim’s tools and expand the company’s technology partnerships. “We went from some of our clients choosing to conduct business digitally to everyone having to, and now we want people to want to,” Burns said.
TrueCar names Reigersman chief financial officer
TrueCar in January appointed Jantoon Reigersman the new chief financial officer, reporting to Chief Executive Mike Darrow.
Reigersman joined TrueCar after serving for three years as chief financial officer for Leaf Group, an ecommerce and media company, according to a TrueCar company release. Reigersman also led financial efforts for Ogin Inc., a clean technology accompany acquired by Vestas Wind Systems in 2017, and was with Morgan Stanley and Goldman Sachs prior to that.
“As a proven financial leader within technology-driven organizations and public companies, Jantoon will play a key role in aligning our business and financial strategies to unlock TrueCar’s next chapter of growth and profitability,” Darrow said.
Reigersman said he joined TrueCar at a pivotal time in the industry as dealers must capture a growing number of digital-first customers. “The company is well capitalized and built on a state-of the-art technology stack that can support rapid innovation across the consumer and dealer experiences,” he said.
Auto Finance Innovation Summit, the premier event for technology in auto finance, returns March 16-17, 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.AutoFinanceInnovation.com.