Automotive Finance Corporation Expands Leadership Team
January 12 2017 - 4:00PM
Automotive Finance Corporation (AFC), today announced that Paul
Kramarz has joined the company as senior vice president of risk,
and Joe Keadle has been promoted to chief operating officer. AFC is
a business unit of KAR Auction Services (NYSE:KAR) focused on
providing inventory financing products and services for independent
used vehicle dealers throughout North America.
Kramarz joins AFC with nearly 25 years experience in risk
analytics and operational management for the financial services
sector. In this newly created role, Kramarz will focus on risk
mitigation strategies and limiting credit risk while strategically
growing AFC’s portfolio. Kramarz will report directly to Jim Money,
AFC president.
“AFC is an industry leader in providing innovative business and
financial solutions to independent automotive dealers and
delivering exceptional customer service," said Kramarz. “I look
forward to expanding the impact of AFC’s risk scoring algorithms
and loss mitigation strategies and focusing on optimizing dealer
level profitability.”
Prior to joining AFC, Kramarz served as a director in the
financial services advisory practice at Price Waterhouse Coopers.
Kramarz also spent eight years with American Honda Finance
Corporation, serving as chief risk officer for several of those
years. During his tenure at Honda, he led a complete re-build of
custom credit score cards and automated underwriting criteria, and
implemented the use of score matrixing.
“Paul has a strong track record of fostering and implementing
innovation in the automotive industry,” said Money. “His vision and
expertise on the state of the global auto lending industry will be
of tremendous value to our company and our customers.”
Taking the AFC Chief Operating Officer role is Joe Keadle. Joe
joined AFC in January 2010 as regional manager and was quickly
promoted to vice president of operations for the company's West
division. He most recently served as AFC’s senior vice president of
operations.
Keadle is a seasoned automotive industry executive, with a
diverse professional background including managing new and used car
departments and finance related executive management positions at
Wachovia, New South Federal Savings Bank. He focuses on building
high-performing teams and developing results-oriented sales and
operational skills. Keadle will continue to report to Money.
“Joe’s leadership qualities and business acumen have made
significant contributions to AFC and the success of our independent
dealer customers,” said Money. “This expanded role will allow Joe
to have an even greater impact on AFC’s strategy, operations, and
long-term growth.”
About AFCAFC is one of the largest providers of
independent dealer inventory financing in North America. AFC, as
part of KAR Auction Services, Inc., provides inventory financing
programs for retail and wholesale automobile dealers, RV dealers,
motorcycle dealers, commercial truck dealers, salvage and daily
rental operators. For more information about AFC, please phone toll
free 888-345-0600 or visit us online at AFCDealer.com.
AFC Contact
Media Inquiries
Devra Callaghan
(317)-843-3169
devra.callaghan@autofinance.com
KAR Contact
Analyst Inquiries
Mike Eliason
(317) 249-4559
mike.eliason@karauctionservices.com
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