November 18, 2017 5:39 PM ET

Consumer Finance

Company Overview of Santander Consumer USA Inc.

Company Overview

Santander Consumer USA Inc., a consumer finance company, provides vehicle finance and unsecured consumer lending products. The company offers new and used car loans, and auto and cash-back refinance services. It provides products through dealers in the United States. The company was incorporated in 1981 and is based in Dallas, Texas. Santander Consumer USA Inc. operates as a subsidiary of Santander Consumer USA Holdings Inc.

1010 West Mockingbird Lane

Suite 100

Dallas, TX 75247

United States

Founded in 1981

Phone:

888-276-7602

Fax:

888-609-1730

Key Executives for Santander Consumer USA Inc.

Chief Executive Officer
Age: 46
President
Age: 51
Chief Legal Officer and General Counsel
Age: 48
Head of Enterprise Transformation
Age: 47
Executive Vice President of New Business
Age: 47
Compensation as of Fiscal Year 2017.

Santander Consumer USA Inc. Key Developments

Santander Consumer USA Holdings Inc. and Santander Consumer USA Inc. Announce Executive Changes

On October 2, 2017, Santander Consumer USA Holdings Inc. (SC Holdings) and Santander Consumer USA Inc. (SC, and together with SC Holdings, the company) announced that, on September 28, 2017, their respective Boards of Directors (individually and collectively, the SC Board) appointed Juan Carlos Alvarez de Soto as Chief Financial Officer of the company, effective as of the close of business on September 29, 2017. Mr. Alvarez joins the company from Santander Holdings USA Inc. (SHUSA), where he has served as Corporate Treasurer since April 2014. Prior to that, he served as Interim Chief Financial Officer of SHUSA and a Senior Executive Vice President of Santander Bank, N.A. (SBNA). Mr. Alvarez also served as the Corporate Treasurer of SBNA from 2009 to 2013, Global Head of Treasury and Investments for Santander International Private Banking Unit from 2006 to 2009, and Head of Treasury and Investments for Santander Suisse from 2000 to 2006. He also previously served on the SC Board from December 2011 to April 2014. On October 2, 2017, the company announced the departure of Ismail Dawood from the company as Chief Financial Officer as of the close of business on September 29, 2017. On October 2, 2017, the company announced that, on September 28, 2017, the SC Board appointed Sandra Broderick as Executive Vice President, Head of Operations of the company, effective as of October 10, 2017 (her Date of Hire). In her role, Ms. Broderick will be responsible for originations, servicing and default, and other operations functions including administrative oversight of Santander Consumer International, Puerto Rico. Ms. Broderick joins the company from U.S. Bank, where she served as Executive Vice President, Operations Executive, since March 2017. Prior to that, Ms. Broderick served as Managing Director, Operations Executive, at JPMorgan Chase, from 2002 to March 2017, where she served as Head of Operations for their automotive finance business since 2012. She brings more than 30 years of experience in the auto finance industry and has held a variety of senior positions leading operations at Bank One, GE Capital and HSBC. Ms. Broderick attended State University of New York at Buffalo. On October 2, 2017, the company announced that, on September 28, 2017, the SC Board appointed Richard Morrin as President, Chrysler Capital and Auto Relationships of the company, effective as of September 28, 2017. He previously served as the Chief Operating Officer of the company since February 2016. In his new role, Mr. Morrin will be responsible for Chrysler Capital, sales and marketing activities, dealer and customer relationships, dealer oversight and RoadLoans.com. He will also be jointly responsible for Dealer Commercial Services, which is part of SBNA. Mr. Morrin joined the company as Executive Vice President of New Business in August 2011. Prior to joining the company, Mr. Morrin held a variety of management positions in 21 years of combined service at Ally Financial and General Motors Acceptance Corp. Most recently, he managed the commercial lending operations for Ally automotive dealers in the United States and Canada.

Santander Consumer USA Inc. Presents at Information Management Network LLC 23rd Annual ABS East Conference, Sep-17-2017 01:20 PM

Santander Consumer USA Inc. Presents at Information Management Network LLC 23rd Annual ABS East Conference, Sep-17-2017 01:20 PM. Venue: Fontainebleau Miami Beach, 4441 Collins Avenue, Miami Beach, Florida, United States. Speakers: Corey Henry, Vice President, Capital Markets.

Santander Consumer USA Inc Announces Management Changes

On August 28, 2017, Santander Consumer USA Holdings Inc. and Santander Consumer USA Inc. (individually and collectively with SC Holdings, SC), announced that the Boards of Directors of SC have appointed Scott Powell, the company's President, Chief Executive Officer and a director and also currently a member of the Board, as President and Chief Executive Officer of SC, effective August 27, 2017. Mr. Powell was also appointed to the Executive Committee of the SC Board effective August 27, 2017. He has been a director of SC since September 2016. On August 28, 2017, SC also announced that, on August 25, 2017, Jason A. Kulas submitted his resignation as a member of the Board and, on August 27, 2017, he submitted his resignation as President and Chief Executive Officer of SC; both resignations were effective on August 27, 2017. Also effective August 27, 2017, Mahesh Aditya was elected to the Board to fill the vacancy created by the departure of Mr. Kulas. Mr. Aditya serves as Chief Operating Officer of the company, a position he has held since May 2017.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 23, 2017
Santander Consumer USA Inc., Portfolio of Motor Vehicle Receivables
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