RVI Group announced two vice president promotions within the company this week.

First up, Rene Abdalah has been promoted to senior vice president and is responsible for RVI’s passenger vehicles business.

Abdalah joined the company in 2002, and management said his “strong leadership, forward thinking mentality and commitment to continued product innovation have been key to the success of the business.”  

“Rene has been instrumental in the evolution of the passenger vehicle business. His strategic ability, knowledge of the auto industry, and analytical expertise combine to create a unique capability to drive further growth of the business. We are delighted to have Rene on the team!” said Douglas May, chief executive officer of RVI.

Before joining the team at RVI, Abdalah was a principle at The Campbell Group in Boston, and prior to this spent four years at Standard & Poor’s Global Automotive Group. 

Secondly, Wei Fan have been promoted to senior vice president, as well, responsible for RVI’s risk management and quantitative analysis.

Fan joined RVI in 2007 and has made contributions since then to the company’s risk management, underwriting and financial analysis methodologies.

“Virtually every aspect of how our business is managed has been improved through Wei’s contributions; we are very fortunate to have someone of his caliber on our team,” said Daniel Egan, executive vice president and chief risk officer of RVI.

The company noted: “Prior to joining RVI, Wei was a director with JD Power & Associates, where he directed the development of a number of used-vehicle valuation applications as chief designer and methodologist including the total loss valuation system currently used by major insurance carriers.” 

RVI management said it expect another strong performance this year “and are confident that we have the best team in place to make it happen.”