A wholesale market expert who has appeared multiple times during the National Remarketing Conference and Used Car Week now is a part of the team at the National Independent Automobile Dealers Association.
Among the three executive moves announced by NIADA on Thursday, the association said Larry Dixon has joined the organization as vice president of industry insights and analysis.
NIADA said Brett Scott has come on board as the new vice president of government affairs.
In addition, director of business development James Gibson has been promoted to vice president of member services.
NIADA explained that it has named these three new vice presidents as it continues to advance its commitment to better serving its members.
“Jim Gibson’s experience in developing member benefits, his ingenuity and his dedication to service will greatly benefit our members,” NIADA chief executive officer Robert Voltmann said in a news release. “Brett’s energy, commitment to service and skill at relationship-building will amplify our advocacy efforts in Washington.
“Larry Dixon brings a strong belief in the used-vehicle industry and seeks to make NIADA the source of industry information for our members and the public,” Voltmann continued. “He’ll lead the effort to re-energize our 20 Group and education offerings, expand our meetings and bring new usable data to our members to help them run their businesses.”
Dixon, a 20-plus year auto industry veteran and a recognized new and used vehicle market expert, joins NIADA from J.D. Power Valuation Services, where he developed custom solutions related to used-vehicle price analysis, residual values and performance management for OEMs, finance companies and dealers.
“The used-vehicle market’s growing prominence presents NIADA members with an abundance of opportunities,” Dixon said. “I am so excited to join the NIADA team at this important time and am looking forward to supporting NIADA members with the data, information and insights necessary to make the most of what lies ahead.”
The association indicated Scott, who is based in Washington D.C., will represent NIADA and the used-vehicle industry in engaging with members of Congress and regulatory agencies.
Scott most recently served in the U.S. Department of Transportation’s Office of Government Affairs under Transportation Secretary Elaine Chao, and previously worked in the private sector representing the Cruise Lines International Association and shipping conglomerate A.P. Moller-Maersk.
“I am thrilled to be part of a great team that has successfully represented independent dealers and the industry on Capitol Hill for more than 70 years,” Scott said. “I look forward to the future of the association under the guidance and leadership of Bob Voltmann.”
Gibson joined NIADA in 2019, developing and implementing the association’s business partnerships — including the National Corporate Partnership, National Affinity Partnership and National Member Benefit partnership programs.
“It’s really an exciting time to be a part of the NIADA team,” Gibson said. “In spite of all of the challenges the association and our industry faced over the past year, we are positioned better than ever to serve our members and protect their interests.”
Gibson was previously director of business development for J.D. Power’s data and analytics division and headed the value-added reseller segment for NADA Used Car Guide, pioneering its distribution channel and playing a key role in transforming a print-centric enterprise into a business-to-business e-commerce provider of vehicle valuation services.
“I’m excited about the new leadership team we’ve put in place at NIADA, including chief financial officer Melanie Wilson,” said Voltmann, who joined NIADA in October. “While it has decades of association, industry and Washington experience, it’s a young, energetic team ready to serve our dynamic industry.”
Voltmann also discussed his strategy for leading NIADA during an episode of the Auto Remarketing Podcast available below.
After closing a “challenging year” with “strong fourth-quarter results,” Texas Capital Bank announced a pair of executive leadership appointments, effective immediately, creating roles for experienced professionals who each spent many years in posts at JPMorgan Chase & Co.
Now serving new president and chief executive officer Rob Holmes, who officially took on those roles this week, are Nancy McDonnell, who has been appointed to the newly created position of executive vice president and head of treasury services, along with Tim Storms, who will be in the newly created position of executive vice president and head of risk transformation.
The provider of financial liquidity to scores of buy-here, pay-here dealers made these executive moves after reporting its fourth-quarter performance, which included:
• Net income of $60.2 million ($1.14 per share) reported for the fourth quarter of 2020, an increase of $3.1 million on a linked quarter basis and a decrease of $4.2 million from the fourth quarter of 2019.
• Average mortgage finance loans held for investment (LHI) increased 5% on a linked quarter basis and 21% from the fourth quarter of 2019.
• Credit quality improved in the fourth quarter of 2020, reflecting declines in non-performing assets and criticized loans of $40.0 million and $157.1 million, respectively, on a linked quarter basis.
• Successfully deployed $1.8 billion of excess liquidity into higher yielding investment securities in the fourth quarter of 2020.
“While 2020 was certainly a challenging year, I am pleased with our strong fourth-quarter results,” Texas Capital Bank executive chairman Larry Helm said in a news release. “I want to thank our employees for their hard work and commitment to serving our clients during this unprecedented time. Though we are still navigating the pandemic, I am confident that Texas Capital Bank is well positioned for the future due to the actions we took in 2020.
“Looking ahead, Rob Holmes, our new CEO, officially joins us next week. Under his leadership, I have no doubt that Texas Capital Bank will continue to enhance its level of execution and recruit and develop the best talent, enabling us to drive long term shareholder value,” Helm continued.
And Holmes begins his tenure with two new experienced executives in the fold.
In her newly created role, the company said McDonnell will lead all aspects of Texas Capital Bank’s treasury and liquidity businesses. McDonnell brings three decades of senior leadership experience, having served as global head of commercial banking treasury & security services and other senior client roles at JPMorgan Chase & Co. until she retired last year.
Texas Capital noted that McDonnell brings a diverse and well-rounded skill set and subject matter expertise that will support the company in managing top client and prospect opportunities, training treasury management officers and bolstering an innovative, solutions-focused organization.
“This is an exciting time to be a part of Texas Capital Bank and join a team that is committed to providing important treasury and liquidity management services to a diverse and evolving client base,” McDonnell said in a news release. “Texas Capital Bank plays a critical role in providing innovative solutions as well as treasury management services to clients navigating this challenging period and beyond. The team will work with Rob and the rest of Texas Capital Bank’s leadership as we continue to advance the organization.”
Meanwhile, Texas Capital indicated Storms will provide strategic support to its risk management team, including chief risk officer John Turpen,
Storms also previously worked at JPMorgan Chase & Co. and its predecessor firms for nearly 38 years, serving as chief credit officer of commercial banking and most recently serving as chief risk officer of commercial banking’s real estate businesses, until he retired in 2019.
In his new role, Texas Capital noted that Storms will be focused on maintaining an effective control environment for all Texas Capital Bank risk while reinforcing strong practices and discipline across the organization.
“I am honored to join Texas Capital Bank at this pivotal time for the company,” Storms said. “I believe in the mission of Texas Capital Bank to support our clients, as well as the communities we serve. I look forward to working closely with chief risk officer John Turpen, the risk and compliance teams and the entire organization to further hone the company’s strategic approach to risk management. Together, I am confident that we can ensure best–in-class risk management across all our products and services in this increasingly complex environment while building a solid foundation for future growth and value creation.”
Commenting about Storms, Turpen said: “Over the last two years, our team has made substantial progress in upgrading Texas Capital Bank’s risk management system. Tim brings unmatched risk and compliance acumen and a commitment to talent development, and I look forward to working with Tim as we continue to execute on our journey to building a resilient and scalable business.”
Holmes added this perspective about McDonnell and Storms as well as the prospects for Texas Capital Bank going forward.
“I am pleased to welcome two strong executives, of impeccable character, each of whom brings decades of experience and records of demonstrated success across global platforms,” Holmes said. “I am confident that we will benefit from their expertise and leadership as we begin our deep dive into Texas Capital Bank’s operations and identify our most significant opportunities in this next chapter for the company.
“We are all energized and are ready to learn more about this organization and begin building a strategy that will achieve our long-term goal of returning the company to strong, predictable earnings growth and driving shareholder value while delivering an enhanced experience to our clients,” Holmes went on to say.
Tricolor reinforced its management team on Thursday as the retailer that’s focused on Hispanic consumers named three new executives with chief in their title.
The tech-enabled Community Development Financial Institution (CDFI) named Nick Brown as chief risk officer, Albert Hoover as chief corporate development and legal officer and Troy Sterk as chief supply chain officer.
Tricolor highlighted these latest additions join recent hires chief product and strategy officer Jennifer Lee and chief compliance officer Stacie Trier as the company positions itself to capitalize on consumer demand for its products and the appeal of its unique mission-driven, risk scoring platform powered by artificial intelligence.
Over the last five years, Brown served as the chief risk officer at OnDeck Capital. Previously, he held various leadership roles in risk management over a five-year tenure at the Commonwealth Bank of Australia and his 12 years with Discover Financial Services.
Hoover is a former Fortune 50 executive who served for more than a decade with AT&T, including as its managing director of corporate development. There, he provided strategic planning, legal, and M&A advisory services across its software, IT services and media divisions.
Prior to AT&T, Hoover was general counsel at Sterling Commerce and assistant general counsel at Sterling Software, as well as at various law firms.
Sterk is a 20-year supply chain veteran of the semiconductor industry. Previously, he held senior roles as director of operations for Broadcom and TriQuint Semiconductor (now Qorvo).
“I’m pleased to welcome Nick, Al, and Troy to our growing team at Tricolor,” Tricolor founder and chief executive officer Daniel Chu said in a news release.
“The shared vision and tremendous horsepower of our senior leadership will help us realize our goal of national expansion so that Tricolor can provide a path to the American dream for hardworking, underserved customers everywhere,” Chu continued.
Another executive from the National Independent Automobile Dealers Association has taken a role with a service provider for buy-here, pay-here operators.
Buckeye Dealership Consulting, which offers re-insurable products and other solutions for dealerships, announced this week that Shaun Petersen has been named the company’s executive vice president and chief legal officer in a move that became effective on Monday.
Petersen departing NIADA came a few months after Steve Jordan left the association for an executive position at KAR Global.
Petersen had been with NIADA for nearly five years, serving as senior vice president of legal and government affairs. He was responsible for building much of NIADA’s public policy and government affairs programs, including its political outreach.
“Shaun is uniquely positioned to help Buckeye serve its major constituencies including retail and buy-here, pay-here independent dealers, automotive finance companies, commercial trucking, state and national trade associations and our other industry partnerships,” Buckeye Dealership Consulting chief executive officer Robert Fox Sr. said in a news release.
“His many years of strategic, policy and legal experience will keep us connected with our core customers and pursue new opportunities for growth. I am excited to welcome Shaun to the Buckeye team,” Fox continued.
All told, Petersen brings nearly 20 years of automobile industry experience to the position at Buckeye. Prior to his tenure at NIADA, he was a founding partner in Mac Murray, Petersen and Shuster, a boutique law firm representing a wide range of clients in the used-car industry including dealers, finance companies, auctions and service providers.
Petersen’s professional career also includes time as a senior deputy attorney general and chief of the consumer protection section in the Ohio attorney general’s Office.
“I feel honored to be part of the Buckeye family of staff, customers, and partners,” Petersen said. “I look forward to working together as we help our clients realize the opportunities available to them through our suite of products and services.”
New leadership now is in place for one of the primary capital providers for buy-here, pay-here dealers
This week, Texas Capital Bancshares, the parent company of Texas Capital Bank, announced that Rob Holmes has been appointed chief executive officer, president and a member of the board of directors of both companies, effective Jan. 24.
Holmes will succeed Larry Helm, who has served as executive chair, CEO and president since May. The bank said Helm will step down as CEO and president on Jan. 24 and continue as executive chair of the board for up to 90 days to facilitate a smooth transition of responsibilities.
Helm will then return to his previous role as non-executive chair of the board, according to a news release.
The moves were all triggered five months ago when Texas Capital announced that Keith Cargill had stepped down as president and CEO and a member of the board of directors, effective immediately.
Texas Capital now will be led by Holmes, who has worked for JPMorgan Chase & Co. and its predecessor firms since 1989, most recently serving as global head of corporate client banking and specialized industries since 2011. During that time, he had end-to-end responsibility for the business, providing global treasury management services, credit and investment banking solutions to clients in North America, as well as select countries in Europe and Asia, to achieve their long-term corporate finance objectives.
The bank highlighted Holmes is an experienced leader with strong strategic acumen, a data-driven approach and a demonstrated ability to successfully manage significant market challenges while mitigating risk and delivering top- and bottom-line performance improvement.
Texas Capital also mentioned Holmes spent the better part of 20 years in the corporate and investment bank, where he was responsible for advising clients on strategic alternatives and corporate finance executions in debt and equity markets in the retail and general industrials industries.
“Today’s announcement is the result of a comprehensive search process, and the board and I look forward to welcoming a leader of Rob’s caliber to Texas Capital Bank,” Helm said in the news release. “Rob brings more than 30 years of experience and a proven record of driving innovation, building client relationships, developing talent and fostering a strong culture founded on collaboration, transparency and accountability. We are confident he is the right next leader to further expand our core banking franchise, return to strong earnings growth and drive long-term shareholder value.
“Further, Rob’s commitment to an entrepreneurial mindset and deep Texas roots make him a perfect fit to join the Texas Capital Bank team,” Helm continued. “I would also like to express my appreciation for all our Texas Capital Bank colleagues whose continued support, focus and commitment to meeting clients’ needs has been remarkable, especially during this challenging time.”
Holmes expressed his perspectives on being selected for this position.
“I am honored to join Texas Capital Bank as CEO and lead the company in its strategy for sustainable, long-term value creation. Texas Capital Bank has a unique market position, compelling franchise and world-class team to capture significant growth opportunity with current and potential entrepreneurs, business owners and private wealth clients,” Holmes said.
“I have great respect for Texas Capital Bank’s 21-year history, high-performance culture and position as a leading regional bank. I look forward to working closely with the Board and management team as we capitalize on Texas Capital Bank’s strong foundation and position the company for the future,” he continued.
Egon Zehnder, a leading executive search firm, assisted the board with its CEO search process.
James Browning, lead independent director of the board, described Helm’s performance in recent months, which also included Texas Capital mutually agreeing to terminate a merger agreement with Independent Bank Group, the holding company for Independent Bank.
“On behalf of the board, I want to thank Larry for his extraordinary leadership, dedication and invaluable contributions to Texas Capital Bank as a board member since 2006 and in his most recent roles,” Browning said. “He has done tremendous work over the last several months in response to unprecedented events, including leading efforts to de-risk the company’s portfolio and manage liquidity in response to the impact of the global pandemic while advancing diversity, equity and inclusion efforts consistent with the company’s values.
“We will continue to benefit from his experience as we support a smooth transition for Rob,” Browning went on to say.
Agora Data reinforced its personnel going into next week’s National Independent Automobile Dealers Association 2020 Virtual Conference & Expo.
On Tuesday, the finance-solution provider of predictive loan technology for buy-here, pay-here dealers announced that auto industry expert Chantelle Hardy has joined the business development team as vice president of portfolio solutions.
The company highlighted Hardy entered the auto business in 1995 and has accumulated a diverse background in various roles such as a BHPH dealer, broker, bulk purchaser, and most recently, as national account manager for loan payment processing solutions.
Hardy joined Agora Data from Repay Holdings Corp.
“We are thrilled to have Chantelle on the Agora team,” Agora Data chief executive officer Steve Burke said in a news release. “Having known Chantelle for many years, I am confident that her extensive industry knowledge and passion for great customer service will support Agora’s mission to deliver innovative solutions for the BHPH dealership community.
“Chantelle’s command of the auto industry and insights are distinct assets that will help Agora drive the transformation of auto financing,” Burke continued about Hardy, who will report directly to Chris Barry, the company’s senior vice president of sales.
Burke, Hardy, Barry and other members of the Agora Data team will exhibit their latest products during NIADA’s all-digital event, featuring breakout education sessions and webinars with expert speakers discussing a variety of industry-related topics, as well as multi-day live virtual expo to visit sponsor booths.
“For almost 75 years, NIADA has been one of the most valuable resources for independent auto dealers across the nation. We are always pleased to be a part of this annual event and will be participating in this year’s virtual format,” Burke said.
“Like many other businesses this year, auto dealers have had to adjust their business strategies,” he continued. “As a trusted resource and provider of auto finance solutions, we fully appreciate that performance, particularly during uncertain times, is essential. I am inspired to see the industry come together to develop solutions, share information, and foster new ideas to positively impact the future of buy-here, pay-here dealers.”
For BHPH dealers wanting to grow their businesses, Agora Data is welcoming the opportunity to share ways to increase profits, convert loans to cash and provide access to low-interest funding through the capital markets. The team will be available during the virtual expo times on Tuesday as well as on Sept. 29, and Oct. 6.
In addition to scheduling a meeting through the NIADA event website, Agora Data is also available at (877) 592-4672 or contactus@agoradata.com.
Tricolor is looking to shore up its endeavors to meet state and federal regulatory standards by hiring a chief compliance officer.
On Tuesday, the used-vehicle retailer with locations in California and Texas focusing on the sale and financing of vehicles to Hispanic customers announced that has it named veteran compliance executive Stacie Trier to this post.
“More than ever, lenders have both a responsibility and an opportunity to align their business models with appropriate outcomes by providing borrowers with access to credit on fair and affordable terms,” Tricolor chief executive officer Daniel Chu said in a news release.
“I am thrilled to welcome Stacie as a highly qualified and respected leader who can help us maintain our mission-driven focus and disciplined risk outlook as we enter this next phase of expansion in response to rapidly growing market need and customer demand,” Chu continued.
Prior to joining Tricolor, Trier managed enterprise risk and compliance at Exeter Finance, serving as the company’s chief risk officer for the past two years. She previously spent 12 years at Capital One across both compliance and risk management roles.
At Tricolor, the company said Trier will be part of the core leadership team tasked with rapidly scaling its platform and retail network while expanding availability for its high quality, used vehicles and access to responsible auto financing options in new markets.
“Tricolor has developed a distinctive lending model which integrates its mission-driven approach with its core business competencies and value proposition to the consumer,” said Trier. “As customer needs continue to rise, I’m excited to help Tricolor realize its vision on a broader scale while helping to enhance the brand they’ve created.”
Since its founding in 2007, Tricolor has served more than 60,000 customers and originated $1 billion in paper by using its proprietary model to segment risk.
For more information about Tricolor and Ganas, visit tricolor.com and ganas.com.
One of the primary capital providers for buy-here, pay-here dealers not only called off a merger agreement with another bank in the Lone Star State, the institution also announced a significant change in leadership.
Texas Capital Bancshares, the parent company of Texas Capital Bank, on Tuesday announced that Texas Capital Bancshares and Independent Bank Group, the holding company for Independent Bank, have mutually agreed to terminate their merger agreement.
Furthermore, Texas Capital announced that Keith Cargill has stepped down as president and chief executive officer and a member of the board of directors, effective immediately.
Back on Dec. 9, the banks announced the merger under which the companies had agreed to combine in an all-stock combination of equals. According to a news release, the termination was approved by both companies’ boards of directors after careful consideration and given the significant impact of the COVID-19 pandemic on global markets and on the companies’ ability to fully realize the benefits they expected to achieve through the merger.
“Due to the unprecedented impact of the COVID-19 pandemic, both companies’ boards of directors believe it is in the best interests of our employees, clients and all of our shareholders to focus on managing our business during this time,” Texas Capital Bancshares chairman Larry Helm said. “With the talent and depth of our team and strong organic growth model, Texas Capital Bank has built a resilient business with lasting client relationships and a record of value creation through changing market dynamics and economic pressures.
“Texas Capital Bank remains focused on supporting the health and safety of our colleagues and meeting all our clients’ needs during these challenging times and for many years thereafter,” Helm continued.
According to the announcement, neither party will pay any termination fee as a result of the mutual decision to terminate the merger agreement.
“As a result of our significant multi-year investments, healthy balance sheet, ability to recruit and foster the best talent and history of driving strong results, Texas Capital Bank is well positioned to continue to execute against a standalone strategy,” Helm said. “Our team and resources will be focused on leveraging our innovative and differentiated capabilities to continue providing a premier client experience and deliver elevated returns.
“Further, we maintain the scalability and commitment to operational excellence that will enable us to drive increased efficiencies and profitability and support sustainable, long-term value creation. Our dedicated team, whose tireless efforts to enhance our clients’ experience and the communities where we operate, will continue to guide Texas Capital Bank’s purpose and success,” he went on to say.
More details about leadership changes
Along with merger decision, Texas Capital also said Keith Cargill has stepped down as president and chief executive officer and a member of the board of directors of both companies, effective immediately.
The bank then said Helm, who has served as chairman of the Texas Capital Bancshares board since 2012, will serve as executive chair, CEO and president of both companies until a permanent successor has been named.
The bank added Cargill will serve as vice chairman of both companies through the end of 2020 to help support a smooth transition.
In addition, the announcement indicated James Browning, an independent director and member of the Texas Capital Bancshares board since 2009, has been appointed lead director.
The company highlighted Helm has served as a director of the Texas Capital Bancshares board since 2006, contributing significant operational and financial expertise.
The bank noted Helm has extensive knowledge of Texas Capital’s strategy, operations and culture having worked closely with the Texas Capital management team. During his tenure, Helm has provided important oversight and counsel to support Texas Capital in driving shareholder value and growth as well as navigating challenging market environments. He brings more than 30 years of commercial banking experience, including management positions at Bank One Corp., most notably as CEO of the Dallas Region and CEO of U.S. Middle Market Banking.
Elysia Ragusa, chair of the Texas Capital Bancshares governance and nominating committee, said, “As part of our focus on succession planning, the board believes that it is the right time for a transition in leadership as the company executes a strategy to achieve enhanced operational focus and profitable, long-term value creation.
“We are fortunate to have someone of Larry’s caliber and experience ready to assume the role of executive chair, CEO and president at this important juncture for the company,” Ragusa continued. “Larry has worked closely with the entire management team over the last 14 years, gaining a deep understanding of the ccompany’s unique opportunities. We are confident that he is the right person to lead Texas Capital Bank until we have identified a permanent successor for the CEO role.”
Texas Capital Bancshares said its board intends to conduct a search process to identify a permanent CEO and continues to be engaged with Egon Zehnder, a leading executive search firm, as part of the board’s robust and ongoing succession planning process.
“Under Keith’s leadership, the Texas Capital Bank team has built one of the best, fastest-growing business and private wealth banks in the United States,” Helm said. “Through multiple cycles, the company has achieved significant growth by fostering top talent and a culture of integrity, innovation and collaboration, earning and keeping the trust of our clients through exceptional service and meeting the needs of middle-market entrepreneurs.
“With this strong foundation in place, the team is well-positioned to continue executing against the company’s strategic priorities and generate returns for our clients and shareholders,” he continued.
“On behalf of the entire board, I want to thank Keith for his contributions as CEO and as a founder of Texas Capital Bank,” Helm went on to say. “I look forward to working with Keith and our leadership team to ensure a smooth transition for all our stakeholders, particularly as we navigate the current impact presented by the global pandemic. We wish Keith the very best in his future endeavors.”
Cargill offered these comments about the leadership change.
“After much deliberation, the Board and I have decided that now is the right time for me to step down as president and CEO of Texas Capital Bancshares and Texas Capital Bank,” he said. “It has been one of the greatest honors of my life to be one of the founders of this great company and serve as CEO alongside our exceptional management team and our talented colleagues.
“Our team has transformed Texas Capital Bank into one the most successful banks in the country that caters to entrepreneurs, business owners, private wealth clients and other loyal individuals,” Cargill went on to say.
Tricolor chose an executive who has past experience with companies such as Dealertrack and DealerSocket to be its chief product and strategy officer.
On Monday, the used-vehicle retailer focused on the sale and financing to Hispanic consumers announced Jennifer Lee has been named to this position with an eye toward becoming more digitally enhanced.
“Now more than ever, companies must provide solutions for their customers which responsibly meet their needs,” Tricolor chief executive officer Daniel Chu said in a news release. “Jennifer shares our vision for remaking our industry as a digitally-driven experience that empowers and enables customers.
“Her incredible passion for innovation and entrepreneurial drive, combined with her deep and relevant industry experience, brings tremendous value to our team,” Chu continued.
With a career spanning more than two decades in the automotive and technology industries, Lee has served in senior leadership capacities for leading brands such as Dealertrack, Cox Automotive and DealerSocket. In these roles, Tricolor highlighted that Lee earned a reputation for catalyzing innovative solutions, crafting transformational product strategies, and delivering attractive growth in an industry traditionally slow to embrace change.
At Tricolor, Lee will be part of the core leadership team tasked with rapidly scaling its platform and retail network while expanding availability for its high quality, used vehicles and access to responsible auto financing options in new markets.
“Tricolor has built a compelling track record delivering inclusive, affordable vehicle and financing solutions that can both scale and fulfill on demanding customer expectations,” Lee said. “I am excited to apply all that I’ve learned to accelerate Tricolor’s powerful direct-to-consumer model with a game-changing combined digital and in-person customer experience.”
Since its founding in 2007, Tricolor has served over 60,000 customers and originated more than $1 billion in financing by using its proprietary model to segment risk.
According to a post on the company’s LinkedIn page, Byrider recently named a new chief marketing officer.
The buy-here, pay-here franchise company with more than 160 locations recently welcomed Walter Scott, who most recently held an executive role at Advance Auto Parts.
The post indicated that Scott spent 10 years with Advance Auto Parts, including multiple senior marketing and e-commerce leadership roles as well as chief marketing officer.
"We are excited to welcome Walter to Byrider,” Byrider chief executive officer Craig Peters said in a subsequent news release. “Our organization has continued to grow steadily over the past several years.
"Walter’s blend of industry experience and expertise in eCommerce and digital capabilities will enhance the experience for customers and further attract consumers to our brand. His unique background will be invaluable as we evolve our business during these very difficult times and long after," Peters added.
Before his time at Advance Auto Parts, Byrider said in the post that Scott led marketing and e-commerce for Corporate Express/Staples.
“I am joining the Byrider team at an exciting time in the automotive industry where customers continue to seek improvements in used car buying and ownership. I look forward to helping address these opportunities by leveraging Byrider's time-tested brand and introducing innovations into the customer experience," Scott said in the news release.
