The board of directors of Santander Consumer USA Holding Inc. announced that Scott Powell will succeed Jason Kulas as president and chief executive officer, effective immediately. Powell will continue to serve as CEO of Santander Holdings USA Inc. (SHUSA) and as Santander Group's United States country head. After more than a decade of service to SC, Kulas is stepping down to pursue other opportunities. Powell was appointed CEO of SHUSA in 2015 and has served on SC's board of directors since 2016. Powell held a variety of senior roles at JPMorgan Chase & Co., including head of banking and consumer lending operations, CEO of consumer banking and retail investments, head of retail lending, head of Chase Auto Finance, and chief risk officer, consumer. He also spent 14 years at Citigroup and its predecessors in a variety of senior risk management roles.In addition, Mahesh Aditya, chief operating officer of SHUSA, has been appointed to SC's board of directors. Prior to joining Santander, Aditya was chief risk officer of Visa Inc. He also spent 17 years at Citibank, and held senior operations and risk positions with JPMorgan Chase and Capital One.