The US' second biggest used car retailer, DriveTime, recently announced their new CFO executive succession process.
The Company has identified Mary Leigh Phillips as its new Chief Financial Officer. Ms. Phillips has more than 10 years of banking and capital markets experience with Wells Fargo and most recently served as a Director for Asset-Backed Finance with Wells Fargo Securities. Ms. Phillips specialized in executing lending facilities and capital markets transactions for auto finance companies, including DriveTime, since 2011.
"I want to thank Wells Fargo and all of the people who have supported and partnered with me throughout my time there. The personal and professional growth I experienced at Wells opened the door to this opportunity at DriveTime. I'm looking forward to joining the DriveTime team and working together to continue to evolve and enhance what we deliver to our customers," said Mary Leigh Phillips.
"We are very excited to welcome Mary Leigh to DriveTime and our executive team. We believe her talents and experience will be an integral part of our future success," Don Reese, CEO/DriveTime.
The company's current Chief Financial Officer, Kurt Wood, will move out of his role as CFO for DriveTime. Wood has been the CFO for four years after he replaced Mark Sauder in 2014. DriveTime stated their appreciation for Wood's four-year service with the company and thanks him for all he did for them.
Edited by M. Hunt
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.