Black Book said Monday it has hired a former Ally and Flagship Credit Acceptance executive as vice president and head of residual strategy.

Appointed to this newly created executive leadership role is Scott Fontaine, who will lead the company’s residual value modeling and predictive valuation strategy in both the U.S. and Canada.

Fontaine will report to Black Book president Jared Kalfus.

“Scott brings an exceptional combination of residual forecasting expertise, quantitative rigor and automotive finance leadership,” Kalfus said in a news release.

“His experience across valuations, remarketing, credit and risk makes him uniquely qualified to lead this critical area of our business.  As the market becomes increasingly complex, Scott will help ensure Black Book continues to deliver residual intelligence that is accurate, explainable, and actionable,” Kalfus said. “That gives lenders, captives, dealers and remarketers the confidence to price risk, protect portfolio value and make better decisions in volatile markets, while strengthening the entire automotive finance industry.”

Fontaine’s most recent post was as managing partner of C1 Advisory. His 25-plus years of experience also include time as chief risk and credit officer at Carvant Financial, chief risk officer of Flagship Credit Acceptance and nine years at Ally.

His roles there included executive director of automotive valuations and dealer rewards, senior director of residual setting and remarketing and director of residual setting.

His career also includes time in quantitative modeling leadership roles at GE and RVI Group, as well as automotive consulting and market analysis.

“Black Book has earned the market’s trust by combining deep automotive expertise with disciplined data and analytics,” said Fontaine. “I am excited to join the executive leadership team and build on that foundation. This is an opportunity to strengthen how we forecast and communicate residual risk, help customers make more confident portfolio decisions and expand the value Black Book delivers across the automotive finance ecosystem.”