Exeter Finance Corp. Announces CEO Transition

Dec 15, 2015, 11:23 ET from Exeter Finance Corp.

IRVING, Texas, Dec. 15, 2015 /PRNewswire/ -- Exeter Finance Corp. announced today that Tom Anderson has resigned from his role as Chief Executive Officer and as a member of the Board of Directors to pursue other interests. Mark Floyd, a member of Exeter's Board of Directors who formerly served as Exeter's CEO and co-Chief Operating Officer at AmeriCredit (n/k/a GM Financial), has been appointed Interim CEO. 

Martin Brand, Chairman of Exeter's Board of Directors, commented: "I would like to thank Tom for his leadership during a crucial time for Exeter when the Company consolidated its originations platform and streamlined its operations, resulting in a much more efficient company with rapidly increasing profitability. We are excited about Exeter and its prospects and thank Tom for his leadership. We are also grateful that Mark Floyd has agreed to come back from retirement and step in as Interim CEO. Mark is a highly respected executive with extensive industry experience in auto finance. His strong track record and previous tenure as CEO make him an ideal and natural choice for Interim CEO."

Mark Floyd added, "During my over five years as an executive and member of the Exeter Board, I have had the privilege of serving the company as it has evolved into a major player in the auto finance industry.  I look forward to working with Exeter's deep and experienced leadership team as we continue that evolution.  I am fully committed to ensuring a seamless transition and continuity in leadership." 

Tom Anderson stated: "It is hard for any company to transition from a start-up to high growth to a professional organization. I am happy to have contributed to that evolution." 

Exeter Finance Corp. is a specialty auto finance company based in Irving, Texas. Exeter partners with franchised auto dealers throughout the country to make car ownership a reality for consumers. Building personal relationships and providing the highest level of service to dealers and customers have been keys to the company's success since its founding in 2006. Please visit www.exeterfinance.com to learn more.



SOURCE Exeter Finance Corp.