BANNOCKBURN, Ill. –

Fleet management company Donlen has named a new director of remarketing.

Hired for the position is Larry Knapp, whose background includes time with BMW Financial, UB Vehicle Leasing, Hertz and Mercedes-Benz Financial and Black Book.

“We have a real opportunity to reshape the lifecycle of the vehicle by creating additional channels for customers to sell leased vehicles,” Knapp said in a news release.

In his new post, Knapp has launched RemarketingAdvantage, which provides a resale alternative for consumers