Santander to Pay Former CEO Thomas Dundon $713 Million in Exit Deal

Santander Consumer USA agreed to pay Thomas Dundon — who was the subprime lender’s former chief executive, chairman, and one of its founders — more than $700 million in an exit deal, according to a Securities and Exchange Commission filing. The deal has been more than two years in the making, as Dundon departed Santander […]
  • Natalie Mattila
  • November 20, 2017
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Santander Aims to Bolster FCA Relationship With Executive Shuffle

Santander Consumer USA announced a series of executive changes last week, leaving many asking why? One explanation may be that it’s a way to bolster its relationship with Fiat Chrysler Automobiles, Christopher Donat, managing director of equity research at Sandler O’Neill, told Auto Finance News.   “[FCA] is their single most important relationship so it […]
  • William Hoffman
  • October 12, 2017
  • 0

Santander’s Executive Churn Indicates Move Toward Corporate Consolidation

Santander Holdings USA (SHUSA) and Santander Consumer USA (SC) are “taking steps toward integrating their operations” under the Spanish parent Banco Santander, Christopher Donat, managing director of equity research at Sandler O’Neill, told Auto Finance News. This week Santander Consumer made several executive changes that suggested this shift, including the addition of Juan Carlos Alvarez […]
  • William Hoffman
  • October 9, 2017
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