Exeter Finance Corp. Welcomes New Members To Executive Team and Board of Directors

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Mar 11, 2014, 04:56 ET

IRVING, Texas, March 11, 2014 /PRNewswire/ -- Exeter Finance Corp. today announced that Steve Zemaitis has joined the company as Executive Vice President of Strategy and Planning. The company also announced that it has appointed A.J. Wagner to its Board of Directors, increasing the total number of directors to seven. Mr. Wagner will serve as an independent director along with Susan McFarland, who was appointed to the Board in April 2013.

"We are pleased to have these three highly-regarded financial services industry veterans as part of the Exeter team. Their invaluable experience and unique perspectives will play a key role in our future success and continued growth," said Mark Floyd, Exeter CEO.

Zemaitis has almost 20 years of experience in the subprime auto finance industry. He joins Exeter from Santander Consumer USA Holdings Inc. where he served in executive roles including Chief Credit Officer and EVP Pricing & Analytics, and was directly responsible for pricing, credit policy, loss forecasting and scorecard development for retail, lease and personal unsecured loans. He played an instrumental role in developing new channels of business for the auto lender and also led several key business and portfolio acquisitions. At Exeter, Zemaitis will play a key role in developing strategies to maximize profitability, enhance market position, and evaluate new growth opportunities. Additionally, he will assume direct oversight responsibility for the existing credit, pricing and risk management functions at the Company.

McFarland previously served as the Chief Financial Officer of Fannie Mae from 2011 until her retirement in 2013, where she played an instrumental role in returning the institution to profitability. McFarland was subsequently recognized by Fortune magazine as one of the 50 most powerful women CFOs for her role in the turnaround. McFarland's career in the consumer and retail financial services industry spans more than 25 years and includes leadership roles at Capital One Financial Corp, Capital One Bank, Bank One Corp, and Deloitte & Touche.

Wagner is a veteran of the Ford Motor Company, having held multiple positions over a 33-year career at the automaker, until his retirement in 2007. Prior to his retirement he most recently served as Vice President of The Ford Motor Company, and as President of Ford Motor Credit North America. Mr. Wagner is currently President and Chief Executive Officer of AJ Wagner & Associates, LLC, a financial services consultancy company. He also serves on the Board of Walter Energy, as well as Channelnet and Inilex, two privately held companies serving the financial services industry.

About Exeter Finance

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 key to the company's success since its founding in 2006. Please visit www.exeterfinance.com to learn more.

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SOURCE Exeter Finance Corp.