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April 25, 2015 4:54 AM ET

Consumer Finance

Company Overview of Exeter Finance Corp.

Company Overview

Exeter Finance Corp. operates as an auto finance company. The company partners with franchised auto dealers to make car ownership a reality for consumers. It serves car owners, dealers, and investors in the United States. The company was founded in 2006 and is based in Irving, Texas with branches in the United States.

222 West Las Colinas Boulevard

Suite 1800

Irving, TX 75039-5438

United States

Founded in 2006

Phone:

877-393-8379

Key Executives for Exeter Finance Corp.

Chief Executive Officer
Age: 51
Chief Financial Officer
Executive Vice President and General Counsel
Age: 50
Executive Vice President of Originations and Director
Executive Vice President of Portfolio Management and Director
Compensation as of Fiscal Year 2014.

Exeter Finance Corp. Key Developments

Exeter Finance Corp. Completes Roll Out of its Originations Platform

Exeter Finance Corp. announced the completion of the rollout of its new originations platform, which reduces the typical decision time to under 15 seconds. Additionally, Exeter Finance Corp. is now able to restructure the loans in real time. As a result of the full roll out of the new system, all Exeter loan applications will be processed through two operations centers: one in Irving, Texas and one in Clearfield, Utah, enabling faster and more efficient application processing and a higher level of service for dealers. Anderson emphasized that the changes will occur in a phased implementation to ensure a seamless transition for employees and dealer customers.

Exeter Finance Corp. Appoints Thomas Anderson as Chief Executive Officer, Effective from November 3, 2014

Exeter Finance Corp. announced that Thomas Anderson, a financial services industry veteran, has been named Chief Executive Officer, effective November 3, 2014. Mark Floyd, who has served as Chief Executive Officer since 2010, will continue to serve on the Board of Directors and work with Mr. Anderson to ensure a smooth transition. Thomas Anderson, 51, is a seasoned executive with nearly three decades of management and financial services industry experience. Mr. Anderson has served in a variety of leadership and Chief Executive Officer roles at global organizations including Capital One, Amerifee, Upromise, Sallie Mae, Integrity Interactive, and Education Dynamics. Prior to his operating roles, Mr. Anderson was a Partner at McKinsey & Co. in the Financial Institutions Group.

Exeter Finance Corp. Announces Management Appointments

Exeter Finance Corp. announced that Steve Zemaitis has joined the company as EVP 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. Wagner will serve as an independent director along with Susan McFarland, who was appointed to the Board in April 2013. 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. McFarland previously served as the CFO of Fannie Mae from 2011 until her retirement in 2013, where she played an instrumental role in returning the institution to profitability. Wagner 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 VP of The Ford Motor Company, and as President of Ford Motor Credit North America. Wagner is currently President and CEO of AJ Wagner & Associates, LLC. He also serves on the Board of Walter Energy, as well as Channelnet and Inilex, two privately held companies serving the financial services industry.

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