NextGear Capital appointed a former Wells Fargo executive to be its new division vice president for the company’s East region.

Taking on this role is Todd Gunderson, who will be responsible for the oversight of the company's business development and growth throughout the Eastern region of the United States.

“At NextGear Capital, we are about building relationships with each of our customers and it is imperative that we position the right people to help us grow these relational opportunities,” NextGear Capital chief operating officer Shane O’Dell said.

“Gunderson’s diverse background in the automotive industry is precisely what we need to best serve our customers in the Eastern region,” O’Dell continued.

Gunderson previously spent 16 years with Wells Fargo’s auto finance division, where he moved up in the ranks to the role of senior vice president of credit operations for the U.S. and Canada.

Gundersons also served as president of company store operations with J.D. Byrider and chief lending officer for Michigan Schools and Government Credit Union.

“The automotive industry is an ever-changing landscape with constant new challenges and opportunities,” Gunderson said.

“As an established leader in the auto financing industry, NextGear Capital has an impressive business model and I’m excited to see what opportunities I'll get to tackle in this role,” he went on to say.