Firm Makes Changes

February 03, 2020

Location Services, LLC, a loss mitigation provider, has made several changes to its senior management team.

Lee McCarty, CEO of Location Services, has decided to retire after 35 years in the auto finance industry.  Jerry Kroshus, chief client relations officer, has been named CEO, effective immediately.

Kroshus brings more than 30 years of experience in the auto finance industry.  Kroshus' prior experience includes CEO of Auto Approve, president and CEO of PAR North America, and senior leadership roles with HSBC Auto Finance and Citigroup.

Eric Gerdes, president and COO, will transition into a newly created position within Location Services’ Holding Company, working with Delaware Street Capital (DSC). Gerdes joined Location Services in 2018 and has held leadership roles in operations, risk and compliance.

Location Services also announced that Shawn White, vice president of client relations, will assume new role in the company. White joined the company in 2017 and has held leadership roles in operations, compliance and client relations. White brings 15 years of experience in the auto finance industry including prior roles at Exeter Finance and Ally Financial. 

AFC Announces Changes

January 23, 2020

Automotive Finance Corporation (AFC) has created two new positions dedicated to better serving customers more personalized solutions. Cassie Crampton is now director of sales training, and Ed Andrews is senior director of major dealer accounts.

“In creating these new roles for Cassie and Ed, we are devoting specialized resources to the field and leveraging the experience and industry relationships of two tenured members of the AFC team,” said Jim Money, president of AFC. “These new positions will help us maximize efficiencies and field resources to meet customer needs more effectively and with more targeted solutions.”

Additionally, Charles “Chuck” Comeaux has been promoted from regional manager to vice president of operations for the West Division.

Comeaux will report directly to Money. He began his automotive career in the retail industry with experience leading sales, F&I and general management for a small group of dealerships. He eventually obtained his dealer’s license and worked primarily in the wholesale auto sector prior to joining AFC in 1996 as a regional manager.

Crampton has served as sales director at AFC since 2017. Before joining AFC, she was senior manager of account management teams and programs at Autobytel.

Andrews has 25 years of experience in the industry and managed bank floorplan lines for large independent dealers early in his career. He joined AFC as an assistant branch manager in 2000.Andrews has served as the regional manager over Florida since 2013.  

Toyota Makes Changes

December 16, 2019

Toyota Motor North America (TMNA) announced executive leadership changes designed to sustain its automotive operations and to continue its transformation in the mobility space.

Effective April 1, Jim Lentz, chief executive officer TMNA, will retire after 38 years with the company. Tetsuo “Ted” Ogawa, chief operating officer TMNA, will succeed Lentz as CEO, reporting to Didier Leroy, TMNA vice chairman and president of business planning and operations.

“Jim Lentz has had an incredible impact on our company,” said Ogawa. “He has been an outstanding leader and was instrumental in restructuring the company and bringing together our North American region. He deserves a lot of credit for all he has accomplished in his many roles around the globe and he will be greatly missed.

“He leaves a legacy that helped build a stronger, more unified Toyota that is prepared to face the future of mobility, and I am humbled and excited to continue working with the Toyota leadership team to create an even more dynamic and vibrant company.”

Ogawa will focus on further transforming Toyota into a mobility company to better serve its customers, in and beyond the automotive realm. This transformation includes modernizing TMNA’s automotive operations to improve efficiency and speed, strengthening operational execution and leading the company’s transition into new areas of mobility.


Effective April 1, Jim Lentz (left), chief executive officer TMNA, will retire after 38 years with the company. Tetsuo “Ted” Ogawa (right), chief operating officer TMNA, will succeed Lentz as CEO.

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