Cars.com Names New VP

October 14, 2019

 

Julie Scott, a digital marketing leader, has joined Cars.com as the company’s new vice president and general manager of national sales.

Scott brings more than 20 years of experience to this role. She will drive growth in Cars.com’s national sales channel, focusing on business-driving advertising solutions for OEMs, regional dealership groups and brands.

Scott most recently led the branded content division of The Onion as senior vice president and general manager. She also previously served in a senior role at Digitas, a global marketing and technology agency, and FCB.

Asbury’s CFO Resigns

October 13, 2019

Asbury Automotive Group, Inc. announced that Sean Goodman is resigning from the position of senior vice president & chief financial officer of the company effective Nov. 15. He has accepted the position of chief financial officer of another publicly traded company outside of the auto retail industry.

William Stax, vice president, corporate controller & chief accounting officer, was appointed interim principal financial officer effective Nov. 16 while the company conducts a search for a new chief financial officer.

Southfield Capital, a lower middle market private equity firm, announced it has completed the sale of Spectrum Automotive Holdings Corp. to Cornell Capital LLC.

Spectrum Automotive is an agent, marketer and administrator of finance and insurance products and services for the automobile market. Spectrum Automotive’s clients include over 1,400 automobile dealerships, OEMs and administrators across the U.S. Terms of the private transaction were not disclosed.

Southfield Capital acquired Spectrum Automotive in 2015 in partnership with the company’s management team. Spectrum Automotive realized significant growth over the four-year investment period, more than quadrupling the earnings of the business.

 

Santander Group announced that Ana Botín, executive chairman of Banco Santander, is joining the Boards of Directors of Santander Holdings USA, Inc. (SHUSA) and Santander Bank, N.A. (SBNA), effective Oct. 21. The appointments are subject to regulatory approval.

Throughout 2018, and for the first half of 2019, the U.S.’ year-over-year earnings growth has been the highest of all Santander Group countries. Between 2016-18, Santander U.S.’ attributable profit to the Santander Group increased more than 60 percent., On an underlying basis, attributable profit was up 42 percent in 2018, and 30 percent in the first half of 2019.

“We have more to do and see significant opportunities for further growth,” Botin said, “and I’m looking forward to working even more closely with our boards and management team in this country.”

Spireon has unveiled Intelligent Trailer Management (ITM), timed with the American Trucking Association’s Management Conference & Exhibition (MCE). Building upon Spireon’s trailer management solutions, ITM brings a new generation of intelligent tools to carriers, helping to leverage data and provide actionable intelligence.

Spireon’s FleetLocate is a comprehensive fleet and asset intelligence solution that leverages state-of-the-art telematics technology with the NSpire platform.

 

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