XLerate Group — which rebranded itself from American Auto Auction Group during last fall’s Used Car Week — brought on a new chief financial officer on Monday.

Joining XLerate after holding posts at organizations such as Auction Broadcasting Co. is Tom Schuler, who now is CFO for the dealer-centric auctions with physical and satellite sale operations in California, Texas, Florida, South Carolina, Mississippi and Wisconsin.

“We are very excited to have Tom Schuler join our team as CFO,” XLerate chief executive officer Cam Hitchcock said.  “Tom has 15 years’ experience as a financial executive for both publicly traded and privately-held companies.

“His extensive experience with corporate finance and strategic acquisitions will be extremely helpful as we look to expand XLerate in the coming years,” Hitchcock continued.

“Tom and his financial team will work closely with senior management and the auctions to build on the continued success of the organization,” Hitchcock went on to say.

Prior to joining XLerate, Schuler held CFO positions at Wright Implement, Diversified Vehicle Services, Auction Broadcasting Co. and Braun Consulting.

“I am fortunate to be joining XLerate at this time as the company has an outstanding senior leadership team in place, a strong financial foundation and a group of auctions that are widely recognized for superior customer service,” Schuler said.

“These ingredients will allow us to continue to provide the highest level of service to our customers as we grow the business,” he added.