Resolvion — the newly formed provider of loss mitigation services stemming from the recent merger of ALS Resolvion and Del Mar Recovery Solutions — added a well-known executive to its board.
Resolvion announced on Wednesday that Tim Russi, former vice chairman of Ally Auto Finance, has joined the company’s board of directors.
Russi joins Resolvion after having spent 10 years at Ally where he was responsible for all aspects of the auto finance and remarketing businesses. Prior to joining Ally, he was the president of Bank of America’s Dealer Financial Services. He has also been active with the American Financial Services Association, including its Vehicle Finance committee and the overall board of directors.
“We are thrilled to have an executive with Tim’s experience in the auto finance industry join our board of directors,” Resolvion chief executive officer Michael Levison said in a news release. “He has a long track record of helping companies develop a clear strategic vision and guiding it's execution.”
“We expect that he will play a strong role as we seek to broaden our capabilities and continue to grow our business,” Levison continued.
“I am looking forward to working with the Resolvion leadership team to help build a truly outstanding service business,” Russi said. “With our recent merger with Del Mar, we are well positioned to become the industry leader.”