Cash started his tenure with AFC in 1999, when he joined the corporate as controller. Over the following 17 years, Cash progressed by way of varied roles of accelerating duty, culminating together with his promotion to president in 2016.
Picture: OPENLANE / Graphic: Bobit
Automotive Finance Company (AFC) President Jim Cash will retire April 1, 2024 after 25 years in varied firm roles and a profession spanning 36 years.
AFC gives financing for used car stock amongst 14,000 unbiased sellers within the retail and wholesale automotive house throughout the U.S. and Canada. It’s owned by OPENLANE, an operator of digital marketplaces for wholesale used autos.
Cash assumed his present function in 2016 and leaves a legacy of practically 25 years of purpose-driven management, progress and innovation at AFC, the corporate introduced in a Dec. 14 information launch. AFC has began a nationwide seek for Cash’s successor.
“Nobody is extra enthusiastic about our prospects, our individuals and the ability of purpose-driven tradition than Jim,” mentioned Peter Kelly, CEO of OPENLANE, in a information launch. “His optimistic affect and give attention to relationships are evident throughout each AFC department and in each buyer interplay. Jim’s private dedication to mentorship and expertise growth has yielded a powerful inside bench that, alongside strong exterior curiosity, ensures we have now a broad pool of well-qualified successor candidates.”
Cash started his tenure with AFC in 1999, when he joined the corporate as controller. Over the following 17 years, Cash progressed by way of varied roles of accelerating duty, culminating together with his promotion to president in 2016.
Below his management, AFC turned identified for its differentiated service mannequin anchored in relationships. He additionally established a best-in-class danger administration method and accelerated the corporate’s digital transformation.
Earlier than becoming a member of AFC, he held monetary management roles at firms within the funding, transportation, and different industries.
“For greater than 20 years, it has been my privilege and pleasure to serve unbiased sellers and assist gas their desires and success,” Cash mentioned within the launch. “Whereas this choice is definitely bittersweet, we’ve constructed an incredible and proficient crew at AFC enthusiastic about serving to our prospects and supporting one another. I’m pleased with what we’ve achieved, collectively, and assured the nice work we’re doing will proceed as the following era of management steps ahead.”
Initially posted on Automobile Remarketing
