Shane O’Dell has been named president of Cox Automotive’s Financial Solutions unit, which oversees the company’s floorplan loan provider, NextGear Capital.
O’Dell replaces Brian Geitner, who recently became president of Cox Automotive Media Solutions Group, and will report to Mark O’Neil, Cox Automotive COO. The change is effective Oct. 1, Cox Automotive said Thursday.
NextGear Capital services 23,000 dealers in North America, the U.K. and Ireland.
O’Dell, 46, is currently senior vice president of vehicle solutions at Manheim. He is in charge of setting and executing key business strategies around Manheim’s third-party logistics operations such as vehicle transportation, reconditioning, imaging, purchase protection and inspections.
In 2005, O’Dell helped found Dealer Services Corp. That company merged with Manheim Financial Services in 2013 to form NextGear Capital.
Manheim is also a Cox Automotive unit. Manheim Financial Services was its former captive finance company.