Two more Credit Acceptance executives set to retire
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The management transition at Credit Acceptance continued late on Monday, as the subprime auto finance company revealed the upcoming retirement of two c-suite executives.
According to a filing with the Securities and Exchange Commission, chief analytics officer Arthur Smith and chief sales officer Dan Ulatowski will retire on Sunday.
The company also said Smith and Ulatowski — who was the Subprime Auto Finance Executive of the Year in 2015 — will serve in consulting roles for Credit Acceptance through the end of July.
The moves involving Smith and Ulatowski follow Credit Acceptance’s president and CEO transition that began in October. Credit Acceptance’s board unanimously elected and appointed Vinayak Hegde as its next chief executive officer and president, effective Nov. 13, to replace Kenneth Booth, who is set to retire on Saturday.
On Thursday, the company is scheduled to share its fourth quarter and full-year financial performance.
Credit Acceptance noted that it enrolled 1,342 new dealers in its financing programs during the third quarter and had 10,180 active dealers as of Sept. 30.
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