Autonomy, the vehicle subscription company founded by Scott Painter, has a new CEO.

Former Mercedes-Benz Fred Weick has been named chief executive, reporting to Painter, who will be lead director of the company’s board.

Painter, who had been CEO of Autonomy, will continue as CEO of TrueCar.

Weick’s background includes more than 30 years with Mercedes (formerly Daimler) and its financial services business, including CEO and senior executive leadership posts for Mercedes-Benz Financial Services organizations in the United States, Canada, India, South Africa, Portugal and Middle East.

His automotive career includes time in OEM operations, fleet management, leasing, dealer networks, sales and business development, as well.

“Fred understands every part of the automotive ecosystem and, more importantly, how those parts must work together to create a better experience for customers,” Painter said.

“As we move Autonomy into its next phase, Fred will combine disciplined execution with deep relationships across automakers, dealers, fleet operators and financial services. Autonomy is laser focused on developing and strengthening key partnerships with dealers and automakers, scaling the platform and expanding Autonomy’s reach.”

Autonomy co-founder and chairman Georg Bauer said: “Bringing on Fred, whose career spans more than three decades across automotive and financial services, to lead Autonomy marks another important milestone for the company.

“At Autonomy we believe that consumers shouldn’t go into debt to have access to a vehicle, and they deserve a simpler and more flexible way to get a car. Fred’s appointment represents an important investment in that belief.”

Weick joins Bauer and Autonomy president and chief operating officer Leopold Visser on the company’s leadership team.

“Autonomy is an amazing platform with a strong foundation and a compelling solution for customers who want access to a vehicle without being locked into the traditional ownership process,” said Weick.

“We are making an assertive investment in Autonomy’s future. With a wonderful team and incredible partners our priority is to inspire our customers to experience what it truly means to enjoy the freedom of worry free mobility,” Weick said.

“We have listened to our customers and will grow our product offerings to provide our users with greater choice and more freedom to drive what they want, when they want, and how they want. As we welcome more fans into the Autonomy family, our vision of adding more value to our customers, our team, our partners and our shareholders will be fulfilled.”