NextGear Capital has a new president.

Parent company Cox Automotive announced Monday that Scott Maybee, previously the general manager of Manheim Northstar Minnesota, is the new leader of the inventory finance company, a move effective today.

Maybee will report to Cox Automotive executive vice president and chief financial officer Mark Bowser.

“At Manheim, Scott successfully established a culture of transparency and rigorous process management while positively impacting employee morale and driving aggressive organic business growth,” Bowser said in a news release. “He and his team ultimately raised sales revenue, customer retention and operating margins.”

Bowser added: “Scott has the extraordinary ability to provide strategic leadership and drive value for clients. When our clients’ businesses are healthy, our business is healthy.”

Maybee’s background also includes a decade with Nissan North America and Nissan Motor Acceptance Corp. Among his roles there was as vice president of sales operations for Nissan Canada Finance.

Dave Horan has been acting president of the NextCapital since July. He will now continue as NextGear’s vice president of finance.

In July, a company spokesperson shared this statement with Auto Remarketing: “We can confirm that three NextGear Capital executives have exited the company. Dave Horan, VP of Finance for NextGear Capital, was named interim leader while the company searches for replacements. We are excited for the future as Cox Automotive and NextGear Capital continue to be laser-focused on ensuring that our business and our people thrive.”