An executive who has been with Consumer Portfolio Services for nearly 18 years is now the subprime auto finance company’s chief operating officer.

According to an announcement sent to SubPrime Auto Finance News on Tuesday, CPS promoted Michael Lavin to be COO of the company that’s been working with franchised and independent dealers nationally since 1991.

“Mike has done a terrific job developing and managing state and federal compliance for CPS, plus he’s taken on the additional role of multiple department oversight for the past few years,” CPS president and chief executive officer Charles Bradley Jr. said.

“With this promotion, Mike can now bring his organizational and development skills to the entire company to help carry out the strategic vision for CPS,” Bradley continued.

“We’re focused on a sound, risk-based growth plan while continuing to improve dealer service, company profitability and overall efficiencies. Plus, CPS is always looking for the next market/business opportunity—Mike will be a big help getting all those goals met,” Bradley went on to say.

According to his professional profile on LinkedIn, Lavin joined CPS in 2001. During that span, he has served as senior vice president and general counsel as well as executive VP and chief legal officer.