A former high-level executive at United Auto Credit now has an important role at Veros Credit.

Veros Credit announced on Friday that the subprime auto finance company appointed Ravi Gandhi as chief strategy officer in a move that became effective on May 1.

The company said Gandhi will lead enterprise-wide strategic initiatives and work closely with the executive leadership team at Veros Credit to enhance profitability, optimize the company’s capital structure, and improve operational efficiency.

Gandhi has more than 20 years of executive experience in auto finance, strategy, capital markets, mergers and acquisitions, and risk-based pricing. He most recently served as co-president and chief financial officer at United Auto Credit, where he played a key role in driving growth and strategic transformation.

Prior to that position, Gandhi led the core asset-backed securities (ABS) business at Financial Security Assurance (FSA) for 12 years, specializing in consumer finance and new product development.

“We are excited to welcome Ravi to Veros Credit leadership team,” Veros Credit CEO Cyrus Bozorgi said in a news release. “His depth of industry knowledge, proven leadership, and forward-looking strategic approach will be instrumental as we continue to scale our business and drive innovation.

“Ravi’s appointment reflects our continued investment in building a best-in-class leadership team for the future,” Bozorgi added.