DALLAS, July 12, 2016 /PRNewswire/ -- Santander Consumer
USA Holdings Inc. (NYSE: SC)
("SC") today announced that William Rainer, a current member
of the SC Board of Directors and Chairman of the Audit and
Regulatory and Compliance Oversight Committees, has been appointed
Chairman of the SC Board. Blythe
Masters has resigned from the SC Board of Directors to take
on a new role with Banco Santander, S.A. ("Banco Santander") as
Group Senior Advisor on blockchain. Masters will also join Banco
Santander's International Advisory Board and the board of its
online-only bank, "Openbank," once necessary approvals are
final.
Banco Santander Executive Chairman Ana
Botín said, "I am very excited that Blythe and Bill have
agreed to take on new roles for Santander. Blythe will bring her
expertise in banking, business and blockchain where it will have
significant impact to our digital bank, International Advisory
Board and strategy team. She has done an outstanding job for SC,
and I'm looking forward to her focusing on our global efforts in
digital banking." Botín added, "Bill knows SC's business well,
having ably served as an active and engaged SC committee chair and
Board member. I know he will be an outstanding representative for
SC's shareholders, and will help the business strategically and
commercially."
Santander Holdings USA, Inc.,
Chairman Tim Ryan said, "I am
thrilled that another experienced business leader with a diverse
set of skills has agreed to chair the SC Board. Bill has a long
record of excellence in banking and financial management, and has
been an excellent Chairman of the SC Audit and Regulatory and
Compliance Oversight Committees. I want to thank Blythe for her
hard work and dedication over the past year."
Jason Kulas, President and CEO of
SC, said, "Blythe has been an excellent Chairman of the SC board,
and I thank her for her leadership and partnership over the last
year. I am pleased that she will continue to be a part of
Santander." Kulas added, "I am also pleased that Bill has accepted
the role of SC Chairman. His deep knowledge of SC as an active
board member provides continuity for our Board, which will result
in a seamless transition."
Ms. Masters said, "I am excited to have this opportunity to work
with Banco Santander more expansively. I would also like to thank
Bill Rainer; SC CEO, President and
Board member, Jason Kulas; and the
SC team for their partnership and tireless work to strengthen SC's
business."
Mr. Rainer said, "I appreciate this opportunity to serve as
Chairman of SC's Board of Directors. I especially look forward to
continuing to work closely with my colleagues on the Board, Jason
and the entire management team. I also want to thank Blythe for her
contributions to Santander Consumer USA during her leadership as Chair and wish
her the best in her new and broadened role at Santander."
Ms. Masters is the CEO of Digital Asset, a technology company
that builds distributed, encrypted, straight-through processing
tools to improve efficiency, security, compliance and settlement
speed. Prior to Digital Asset, Blythe spent 27 years at JPMorgan
Chase where she served in numerous senior positions at the firm
including Head of Global Commodities, and CFO of J.P. Morgan's
Investment Bank.
Mr. Rainer served as Chair and Chief Executive Officer of
OneChicago LLC from 2001 to 2004, prior to which he was Chairman of
the U.S. Commodity Futures Trading Commission from 1999 to 2001,
and Chairman of the United States Enrichment Corporation from 1994
to 1998. He founded Greenwich Capital Markets, Inc. in 1981.
Santander Holdings USA,
Inc. (SHUSA) is a wholly-owned subsidiary of Banco Santander,
S.A. (NYSE: SAN). Banco Santander is a diversified global retail
and commercial bank offering a wide range of financial products
with more than 117 million customers worldwide. SHUSA owns 100% of
Santander Bank, N.A., a retail and
commercial bank with more than 670 branches and 9,800 employees in
the U.S. northeast, and approximately 59% of the common stock of
Santander Consumer USA Holdings
Inc. (NYSE: SC), a Dallas,
Texas-based national consumer lending company.
Santander Consumer USA
Holdings Inc. (NYSE: SC), headquartered in Dallas,
Texas, is a full-service,
technology-driven consumer finance company focused on vehicle
finance, third-party servicing and delivering superior service to
our more than 2.7 million customers across the full credit
spectrum. The Company, which began originating retail installment
contracts in 1997, manages a portfolio of more than $53
billion of assets (as of March 31, 2016).
(www.santanderconsumerusa.com)
Openbank is a digital bank, started in 1994 and wholly
owned by Santander Group. It offers all the services of a
traditional bank in a digital environment. Openbank seeks to make
banking easier for its customers, offering access to their accounts
when and where they want including by web, apps, social networks,
email, and phone. Openbank is the first Spanish-licensed bank to
offer banking services through WhatsApp.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Any statements about our expectations, beliefs, plans,
predictions, forecasts, objectives, assumptions, or future events
or performance are not historical facts and may be forward-looking.
These statements are often, but not always, made through the use of
words or phrases such as "anticipates," "believes," "can," "could,"
"may," "predicts," "potential," "should," "will," "estimates,"
"plans," "projects," "continuing," "ongoing," "expects," "intends,"
and similar words or phrases. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, these statements are not guarantees of future
performance and involve risks and uncertainties that are subject to
change based on various important factors, some of which are beyond
our control. For additional discussion of these risks, refer to the
section entitled "Risk Factors" and elsewhere in our Annual Report
on Form 10-K and our Quarterly Reports on Form 10-Q filed by us
with the SEC. Among the factors that could cause our financial
performance to differ materially from that suggested by the
forward-looking statements are: (a) we operate in a highly
regulated industry and continually changing federal, state, and
local laws and regulations could materially adversely affect our
business; (b) adverse economic conditions in the United States and worldwide may negatively
impact our results; (c) our business could suffer if our access to
funding is reduced; (d) we face significant risks implementing our
growth strategy, some of which are outside our control; (e) we may
incur unexpected costs and delays in connection with exiting our
personal lending business; (f) our agreement with FCA US LLC may
not result in currently anticipated levels of growth and is subject
to certain performance conditions that could result in termination
of the agreement; (g) our business could suffer if we are
unsuccessful in developing and maintaining relationships with
automobile dealerships; (h) our financial condition, liquidity, and
results of operations depend on the credit performance of our
loans; (i) loss of our key management or other personnel, or an
inability to attract such management and personnel, could
negatively impact our business; (j) we are subject to certain
regulations, including oversight by the Office of the Comptroller
of the Currency, the CFPB, the European Central Bank, and the
Federal Reserve, whose oversight and regulation may limit certain
of our activities, including the timing and amount of dividends and
other limitations on our business; and (k) future changes in our
relationship with Santander could adversely affect our
operations. If one or more of the factors affecting our
forward-looking information and statements proves incorrect, our
actual results, performance or achievements could differ materially
from those expressed in, or implied by, forward-looking information
and statements. Therefore, we caution not to place undue reliance
on any forward-looking information or statements. The effect of
these factors is difficult to predict. Factors other than these
also could adversely affect our results, and the reader should not
consider these factors to be a complete set of all potential risks
or uncertainties. New factors emerge from time to time, and
management cannot assess the impact of any such factor on our
business or the extent to which any factor, or combination of
factors, may cause results to differ materially from those
contained in any forward-looking statement. Any forward-looking
statements only speak as of the date of this document, and we
undertake no obligation to update any forward-looking information
or statements, whether written or oral, to reflect any change,
except as required by law. All forward-looking statements
attributable to us are expressly qualified by these cautionary
statements.
Contacts:
Investor
Relations
Evan Black &
Kristina Carbonneau
800.493.8219
InvestorRelations@santanderconsumerusa.com
|
|
Media
Relations
Laurie
Kight
214.801.6455
SCMedia@santanderconsumerusa.com
|
Logo - http://photos.prnewswire.com/prnh/20160330/349824LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/santander-consumer-usa-holdings-announces-appointment-of-william-rainer-as-board-chairman-300297025.html
SOURCE Santander Consumer USA
Holdings Inc.