Reflecting the company’s ongoing mission of driving operational compliance for its dealership clients, EFG Companies appointed Steve Roennau as vice president of compliance this week.

EFG highlighted that Roennau brings a 30-year history of driving bottom-line results in automotive F&I, sales and product management, giving him strategic insight into the compliance hurdles facing both dealers and finance companies.

“Today’s dealers are facing a much greater level of compliance oversight, affecting everything from finance margins to advertising practices,” said John Pappanastos, president and chief executive officer of EFG Companies.

“Dealers need forward thinking partners who can successfully navigate the myriad of changes on local, state and federal levels,” Pappanastos continued. “With Steve leading our compliance initiative, we are in a strong position to stay ahead of upcoming changes and proactively prepare our clients.

“In 2014, EFG’s dealer clients rated compliance as one of EFG’s top three areas of performance,” Pappanastos went on to say. “In 2016, we expect Roennau to raise the bar for our clients and the industry.”

Roennau’s experience includes compliance consulting and training/operational development for Chrysler’s Five Star initiative, Chrysler Capital, Santander Consumer USA, Hyundai, General Motors, Ford, Mitsubishi, Volkswagen, and numerous dealer groups throughout the country. He is an AFIP Senior Certified Professional in Financial Services, and has conducted numerous training courses.

“At EFG, we are committed to facilitating the highest levels of operational compliance for our dealer partners,” Roennau said. “Our very progressive work will provide our clients with a sophisticated analysis of their current compliance procedures, and prepare them for upcoming changes that will enhance customer service, compliance alignment and increased profitability.”