CEO Marc Sheinbaum Leaves Chase Auto
Thasunda Brown Duckett [at left] has replaced Marc Sheinbaum at the helm of Chase Auto Finance. Sheinbaum, who joined the auto unit in 2007, left to pursue other opportunities, the company said. He will stay on through March to help with the transition.
Duckett, who will also oversee Chase’s student lending business, most recently served as national retail sales executive for Chase’s mortgage banking division. Prior to that post, she spent three years leading the mortgage division’s East Region sales team. Previously, she was Channel Executive of Bank Branch Integration and Director of Affordable Lending and Emerging Markets. She joined Chase from Fannie Mae in 2004.
Despite declining originations in the final quarter of 2012, Chase Auto Finance closed out the year with record-high outstandings. Chase’s portfolio hit $49.9 billion for 2012, up from $46.9 billion in 2011 and from $48.3 billion in 2010. Chase is the third-largest auto finance company in the nation, according to Big Wheels Auto Finance data.
Duckett reports to Gordon Smith, CEO of Chase’s Community & Consumer Banking division.
