TradePending is undergoing a leadership transition.

The dealership software provider, which is backed by private equity firm Capstreet, has named Jorge de Castro as its new CEO. He succeeds Brice Englert, who will remain with the company as a board member, assisting with strategy.

“TradePending has been steadily expanding the capabilities of its platform through innovation, strategic acquisitions and partnerships, and I am eager to build on that success,” de Castro said, adding he looks forward to “working with Brice and the board, and the TradePending leadership team to write our next chapter.”

De Castro most recently served as senior vice president and general manager of LendingTree’s LendingTree Spring, a membership-based financial services platform and marketplace. He previously was head of strategy for Equifax’s Global Consumer Solutions business unit and U.S. Information Solutions, helping launch and acquire businesses and partnerships in the B2B2C and B2B markets, and has held senior leadership positions with Kraft, Georgia Pacific, and P&G.

De Castro also advises companies and financial sponsors on growth strategy and corporate development in the consumer e-commerce, autotech, fintech, govtech and retail specialty finance markets. He serves on the board of Capstreet-backed automotive fintech company Informativ.

“Jorge’s experience in scaling organizations, strategy, corporate development and P&L management makes him an excellent choice to lead TradePending’s next phase of growth,” Englert said. “I look forward to supporting him and advising on strategy as the company looks to continue its expansion.”