Move Reinforces Commitment to Deliver Financial Solutions that Drive Customer Growth
ATLANTA, October 8, 2015 – With financial services and inventory financing representing vital business solutions that drive dealer growth, Cox Automotive has named Brian Geitner as president of Financial Services and NextGear Capital. This move creates one of the industry’s leading financial services companies, servicing more than 22,000 dealers throughout North America, the United Kingdom and Ireland. Effective immediately, Geitner will report to Sandy Schwartz, president of Cox Automotive, a leading provider of digital marketing, wholesale and e-commerce solutions across the automotive industry.
“Brian’s thought leadership, deep expertise within the financing arena and proven success in integrating Dealer Services Corporation and Manheim Financial Services to form NextGear Capital, made him the ideal choice to lead this critical arm of our business,” said Schwartz. “He helped us become the world’s most comprehensive provider of floor planning products and services in the remarketing industry, and now we will tap his talent to further help our customers thrive in the marketplace.”
Previously Geitner served as president of NextGear Capital, directing the company’s strategic planning, operations and growing customer base. His expanded duties were added when Patrick Brennan, formerly group vice president of financial services, was promoted to senior vice president of operations at Cox Automotive and chief integration officer for the recent Dealertrack acquisition. Geitner will collaborate with Go Financial, a thriving subprime finance company, to influence both organizations’ teams and technology to provide simpler ways for dealers to finance their subprime customers. He will also continue to lead NextGear Capital’s U.S. operations and international growth to create more efficient ways for dealers to access cash. Go Financial is a joint venture owned in part by Cox Automotive.
“I am excited to join the Cox Automotive senior leadership team and further develop products that anticipate dealers’ financial and inventory needs,” said Geitner. “What we do really matters to our customers’ profitability.”
Geitner joined Cox in 2012 as chief executive officer of Dealer Services Corporation, a used-vehicle floor plan company for independent dealers, before becoming president of NextGear Capital. Prior to that, he co-founded Dealer Services Corporation as chief operating officer and later became president of the company.
About Cox Automotive
Cox Automotive, Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Manheim®, Autotrader®, Kelley Blue Book®, Dealertrack®, vAuto®, Xtime®, NextGear Capital® and a host of other brands. The global company has nearly 30,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises, Inc., an Atlanta-based company with revenues of more than $17 billion and approximately 55,000 employees. Cox Enterprises’ other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.