Auto Finance News
  • Home
  • News
  • Features
  • Events
    • Auto Finance Summit East
    • Equipment Finance Connect
    • Auto Finance Summit
    • PowerSports Finance Summit
  • Webinar
    • Harnessing AI & Machine Learning to Address Vehicle Affordability Issues
    • Webinar Library
  • Podcast
  • Powersports
  • Big Wheels Data

No products in the cart.

Subscribe
  • Capital & Funding
  • Compliance
  • Risk
  • Technology
  • Best Practices
  • Compliance Monitor
Log In
No Result
View All Result
Auto Finance News
  • Home
  • News
  • Features
  • Events
    • Auto Finance Summit East
    • Equipment Finance Connect
    • Auto Finance Summit
    • PowerSports Finance Summit
  • Webinar
    • Harnessing AI & Machine Learning to Address Vehicle Affordability Issues
    • Webinar Library
  • Podcast
  • Powersports
  • Big Wheels Data
BIG Wheels
Log In
No Result
View All Result
Auto Finance News
No Result
View All Result

TD Auto Finance’s new CEO sets sights on customer experience

2021 Executive to Watch: Marc Womack

Amanda HarrisbyAmanda Harris
December 7, 2020
in Features, Management
Reading Time: 3 mins read
0

Executives to watch 2021

For Marc Womack, TD Auto Finance’s new chief executive, improving customer service, strengthening the partnership with TD Bank and championing diversity are top priorities in 2021.

Womack was promoted in November after serving as chief operating officer of TD Auto for three years, a role in which he spearheaded customer strategies in commercial lending, consumer underwriting, distribution and dealer operations.

TD Auto Finance was the 17th-largest auto finance company in the nation at the end of last year, with $24.1 billion of auto outstandings, according to Big Wheels Auto Finance Data.

Womack is responsible for expanding TD Auto’s U.S. auto lending business and improving its retail and commercial lending profitability. He will also “drive integration between TD Auto Finance and TD Bank’s consumer business,” according to a company statement.

2021 execs to watch
TD Auto Finance CEO Marc Womack      Photo/TD Auto

TD Bank and TD Auto focus on customer experience, both for dealers and consumers, Womack told Auto Finance News. “We’re not trying to be everything to everybody, we keep focused on that delivery of great service to our customers,” he said. “As we’ve looked at the macroeconomic factors during the pandemic and how that’s really driven customer expectations … it’s made us think about how we define what service is, given these changes.”

Womack said the subsidiary’s partnership with the bank will continue to strengthen next year, especially given pandemic-spurred transitions. “As you as you start to look at the digitization of auto sales and auto finance processes, our linkage with the consumer bank is a natural fit,” he said. “We’ve always had a partnership with the broader organization, but I think now it’s going to help us evolve faster.”

Womack has more than 27 years of consumer and commercial banking experience in auto, personal loan, commercial real estate, credit card and insurance. He held leadership roles at JPMorgan Chase and Hyundai Capital America before spending the last seven years at TD.

Working with a variety of leaders, Womack said, set the stage for the professional he is today. “I always believe that everything that you experience is a lesson that you learn, whether it’s positive, negative or neutral,” he said. “All the leaders that I’ve ever worked with have a little bit of a spice in the gumbo pot that is my leadership style.”

Womack also is a member of the board of directors for the American Financial Services Association (AFSA) and the digital lending platform RouteOne, which TD Auto helped create in 2002. Both groups, Womack said, have provided him with various perspectives on auto industry issues and where executives’ focus should lie. “There’s a lot of common issues that are all affecting us, and that’s one way for us to amalgamate our voices relative to those things,” he said.

Womack also contributes to advancing the roles and contributions of African-American executives as a member of the Executive Leadership Council, a national organization with more than 800 members.

In recent years, Womack has championed diversity and inclusion initiatives for Capital One Auto Finance, Hyundai Capital America, JPMorgan Chase and TD Bank. Womack’s advice for professionals and mentees has also been featured on Diversity Inc., which provides U.S. company diversity rankings.

Diversity and inclusion must be part of businesses’ strategies, as companies with greater levels of diversity — ethnic, gender, racial and thought — perform better, Womack said, adding that diversity is a continued focus for TD Auto going into 2021.

“Anytime that you don’t have that [diversity] lens of what you’re doing strategically, you’re leaving money on the table,” Womack said. “I think as a member of the diverse community, it’s important to me to be able to share with [all] my colleagues the lessons that I’ve learned.”

This article originally appeared in the December issue of Auto Finance News, available here.

Tags: auto finance executive to watchfeatureTD Auto Finance
Previous Post

Ford Credit exec steps up to bat

Next Post

Used-car prices return to ‘typical’ seasonal trend in November

Related Posts

salary increase concept businesman steps higher stacks coins
Management

Executive compensation shoots up 48% in 2024  

May 20, 2025
Cars in parking lot
Features

Bracing for impact: Auto lenders respond to tariff uncertainty

April 30, 2025
repo
Management

Wells Fargo appoints Kyalo interim auto chief risk officer

April 21, 2025
Next Post
© Can Stock Photo / carroteater

Used-car prices return to ‘typical’ seasonal trend in November

Stay Informed with Our Newsletters

PowerSports Finance

The Roadmap Podcast

ABOUT US

HELP CENTER

ADVERTISE

PRIVACY TERMS

ADA COMPLIANCE

CODE OF JOURNALISM ETHICS

Manage Cookie Consent

EXECUTIVES OF THE YEAR

AUTO FINANCE EXCELLENCE AWARDS

MAGAZINE ARCHIVE

INDUSTRY GLOSSARY

facebook linkedin twitter podcast podcast
© 2025 Royal Media
No Result
View All Result
  • Home
  • News
    • All News
    • Capital & Funding
    • EVs
    • Technology
    • Management
    • Powersports Finance News
    • Risk Management
    • Sales & Marketing
  • Events
    • Auto Finance Summit East
    • Equipment Finance Connect
    • Auto Finance Summit
    • PowerSports Finance Summit
  • Features
    • Latest Issue
    • Features
    • New Tracks
    • Car Culture
    • Staffing Shuffles
    • Under The Hood
    • Spotlight
    • Issue Archive
  • Webinar
  • Podcast
  • Big Wheels Data
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • All News
    • Capital & Funding
    • EVs
    • Technology
    • Management
    • Powersports Finance News
    • Risk Management
    • Sales & Marketing
  • Events
    • Auto Finance Summit East
    • Equipment Finance Connect
    • Auto Finance Summit
    • PowerSports Finance Summit
  • Features
    • Latest Issue
    • Features
    • New Tracks
    • Car Culture
    • Staffing Shuffles
    • Under The Hood
    • Spotlight
    • Issue Archive
  • Webinar
  • Podcast
  • Big Wheels Data
  • SUBSCRIBE
  • Log In / Account

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bfsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
CookieConsentPolicy1 yearUsed to apply end-user cookie consent preferences set by our client-side utility.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
crmcsrsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
LS_CSRF_TOKENsessionCloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
LSKey-c$CookieConsentPolicy1 yearUsed to apply end-user cookie consent preferences set by our client-side utility.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
__cf_bm30 minutesThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
_zcsr_tmpsessionZoho sets this cookie for the login function on the website.
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
e188bc05fesessionThis cookie is set in relation to Zoho Campaigns
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
__Host-GAPS2 yearsThis cookie allows the website to identify a user and provide enhanced functionality and personalisation.
_dc_gtm_UA-1038974-31 minuteUsed to help identify the visitors by either age, gender, or interests by DoubleClick - Google Tag Manager.
_fbp3 monthsThis cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr3 monthsFacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
test_cookie15 minutesThe test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextIdneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
caf_ipaddrsessionNo description available.
citysessionNo description available.
countrysessionNo description available.
gnt_eidsessionNo description available.
gnt_eu6 hoursNo description
iamcsrsessionZoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
systemsessionNo description available.
traffic_targetsessionNo description available.
Save & Accept
Powered by CookieYes Logo