IRVING, Texas, Sept. 22, 2016 /PRNewswire/ -- Exeter Finance Corp., a specialty auto finance company in Irving, Texas, today announced changes to its Board of Directors. Former GE Capital executive Dan Henson has been elected board chairman, replacing former chairman and Blackstone executive Martin Brand, who will continue to serve as a board member.
Mark Floyd, former Exeter CEO and board member, will depart the Exeter board to join California-based software development company Intellaegis, Inc. as its board chairman. Floyd's contributions to the growth and success of Exeter began with his tenure as Exeter CEO from July 2010 until his retirement in October 2014, and again in December 2015 as Interim CEO. He has served on the Exeter Board of Directors consistently since 2010.
"We are grateful to have benefitted from the leadership, guidance and industry knowledge that Mark Floyd has provided to Exeter throughout the years," Exeter CEO Jason Grubb stated. "His passion for the industry and for this company is unparalleled. We will miss his thoughtful insights and contributions."
Dan Henson brings nearly 30 years of experience from General Electric Company (GE), where he held a variety of senior positions at GE and General Electric Capital Corporation, Inc. (GE Capital), including Chief Marketing Officer of GE and CEO of a number of GE Capital's commercial lending businesses in North America and overseas. Most recently, he served as an officer of GE and Executive Vice President of GE Capital, where he led all commercial lending and leasing businesses in North America.
Henson also provided oversight for the Enterprise Risk Committee of GE Capital's North American lending and leasing units, oversaw capital markets activities and successfully managed GE Capital's lending and leasing business through the 2008 financial crisis. He retired from GE and GE Capital in March 2016.
"As Exeter continues to build upon its strong foundation, we are pleased to welcome seasoned financial veteran Dan Henson as Exeter Chairman of the Board. His extensive experience in strategic growth initiatives and commercial lending, along with his astute business acumen and capital markets experience, will add tremendous value to our organization," Jason Grubb stated.
"Exeter has defined itself as a leading subprime lender, in this industry, and I look forward to continuing that growth and development," said Henson.
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 keys to the company's success since its founding in 2006. Please visit www.exeterfinance.com to learn more.