Location Services made four changes to its senior management team on Tuesday, triggered by the retirement of chief executive officer Lee McCarty after 35 years in the auto-finance industry. 

The provider of recovery-management and loss-mitigation services announced that effective immediately its new CEO will be Jerry Kroshus, who previously served the company as chief client relations officer.

The company highlighted that Kroshus brings a wealth of professional experience and strong relationships to this role, compiling more than 30 years in the auto-finance industry. Kroshus’ prior experience includes:

— CEO of Auto Approve, an auto refinance company he co-founded
— President and CEO of PAR North America
— Senior leadership roles with HSBC Auto Finance and Citigroup 

David Heller of Delaware Street Capital (DSC), the parent company of Location Services, said in a news release, “We couldn’t be more pleased to have Jerry in the CEO role. He is a highly respected leader in this industry, and he will ensure that our teams service our clients at a high level and continuously deliver top results.”

As the company elevated Kroshus, McCarty reflected on his tenure with Location Services.

“I am very proud of our leadership team and the company we have created,” McCarty said. “Most importantly, I am proud of the Location Services team members, who through their commitment and tireless work, helped establish our footprint which now covers 26 states and Guam.”

Location Services revealed two other management adjustments, too.

President and chief operating officer Eric Gerdes will transition into a newly created position within Location Services’ holding company, working with Delaware Street Capital (DSC). Gerdes joined Location Services in 2018 and has held leadership roles in operations, risk and compliance that were instrumental in the execution of Location Services’ acquisition strategy.

Location Services also announced that vice president of client relations Shawn White will assume the role of chief operating officer. White joined Location Services in 2017 and has held leadership roles in operations, compliance and client relations.

White brings 15 years of experience in the auto-finance industry including prior roles as director of collections at Exeter Finance and extensive experience at Ally Financial. 

“Shawn’s diverse experience in different areas of the business makes him uniquely qualified, and I could not be more excited to have him in this role,” Kroshus said.