The new top boss at NextGear Capital is one familiar with the organization.

Cox Automotive on Thursday announced that Shane O’Dell has been named president of Financial Solutions.

As president, O’Dell will oversee NextGear Capital, which services more than 23,000 dealers across North America, the United Kingdom and Ireland. O’Dell will report to Mark O’Neil, chief operating officer of Cox Automotive, and will begin his new role effective Oct. 1.

O’Dell also will be relocating to Carmel, Ind.

“Shane is a proven leader at NextGear Capital and his focus on the needs of our customers will further strengthen the Financial Solutions team at Cox Automotive and its focus on service excellence,” O’Neil said.

“Shane’s deep knowledge and expertise in the financial industry will be an asset to our company, partners and customers,” O’Neil continued.

O’Dell currently serves as the senior vice president of vehicle solutions at Manheim responsible for setting and executing key business strategies around Manheim’s third-party logistics, including vehicle transportation, reconditioning, imaging, purchase protection and inspections in addition to focusing on Ready Logistics, the company’s transportation company.

Prior to joining Manheim, O’Dell was chief operating officer for NextGear Capital, overseeing the execution of day-to-day operating activities and providing strategic direction on revenue growth and risk mitigation. O’Dell was one of the founding members of Dealer Services Corp. (DSC) in 2005 and became chief operating officer in 2010, which was later merged with Manheim Financial Services to become NextGear Capital in 2013.

“I couldn’t be more thrilled to come back and lead the Financial Solutions team at Cox Automotive and continue to develop products and solutions to help dealers with their financial and inventory needs and be a partner in helping them achieve success,” O’Dell said.

O'Dell is taking the position vacated by Brian Geitner, who recently became the new president of Cox Automotive’s Media Solutions Group.