National Auto Care and RoadVantage each announced this week that executives with nearly 45 years of combined experience joined their management team.

National Auto Care, an administrator of vehicle service contracts and ancillary products including the CarMark Certified Pre-Owned Program, appointed Steve Verney as the company’s chief financial officer, leading the finance, accounting and reinsurance teams.

In this new role, the company said Verney will work to help National Auto Care amplify its recent profitable growth and build an even stronger foundation for the next level of success.

Verney retired from Allstate Insurance in 2015 after a distinguished 34-year career. He held multiple senior-level roles in finance and risk management, including CFO of both property-casualty and life divisions, treasurer, and head of strategy and M&A. He completed his career at Allstate as executive vice president and chief risk officer. In each of these roles, he helped improve growth, profitability and financial strength as well as drive transformative change while developing strong financial talent and organizations.

"I am thrilled to join National Auto Care as we work together to build on the great work the team has done to achieve even greater success for our agents, employees, business partners and ultimately our shareholders,” Verney said.

National Auto Care chief executive officer Tony Wanderon added, “Steve’s strong qualifications and strategic mindset make him the perfect fit to take our financial management to the next level.

“With his expertise in all facets of financial operations, insurance and M&A, Steve brings a balanced ability to develop and execute strategies that will drive growth and competitive advantage for the company on a national level,” Wanderon went on to say.

Meanwhile another F&I product provider, RoadVantage, announced Mike Essig joined the company in the role of director of risk management.

Essig joins RoadVantage with 13 years of industry experience, specializing in actuarial analysis and risk management, most recently as risk management director and actuary at CNA National Warranty Corp. Prior to that post, Essig was a senior pricing and reserving actuarial analyst for Warranty Solutions.

“We are thrilled to welcome Mike to the RoadVantage team,” RoadVantage CEO Garret Lacour said. “Mike is highly regarded in his field, and has the right combination of skills and expertise to bring value to RoadVantage as we continue to grow.”

Lacour also mentioned that Essig joins RoadVantage as the company continues to experience record growth, expanding in contract volume, programs, staff and offices.

“I have known the RoadVantage leadership team for years, working with them during my time at CNA National, and I’ve been impressed by their smart strategies that have resulted in such rapid success,” Essig said. “I’m excited to be part of such a talented group.”