Changes at Porsche Financial Services, Chase and other staff moves

Porsche Financial Services has appointed Nicolas Leduc as its new president and chief executive. He will succeed Ross Dupper , who is set to retire in March 2025. Leduc will assume his new role Jan. 13, according to a Dec. 2 company release. Leduc joins Porsche Financial Services (PFS) from BMW Group , where he is president and CEO of BMW Group Financial Services Canada . [caption id="attachment_58347550" align="alignleft" width="93"] Nicolas Leduc[/caption] In his 17 years at BMW, Leduc held various positions at BMW Group Financial Services USA prior to joining the group’s Canadian subsidiary. Meanwhile, Dupper joined Porsche Cars North America in 1986 and became president of PFS in 2000, according to the release. Atlanta-based PFS had a managed portfolio of $2.5 billion as of Oct. 31, down 3% year over year, according to a presale report of the lender’s latest securitization. Wims Morris, Muriungi step up at Chase Chase Auto ’s Leslie Wims Morris became the bank’s chief executive and Peter Muriungi now leads JPMorgan Chase ’s Connected Commerce business . Wims Morris, most recently president of private label captive finance for Chase Auto, has been with the bank since 2018, according to a Dec.19 JPMorgan Chase release. [caption id="attachment_58347507" align="alignleft" width="300"] Leslie Wims Morris[/caption] Since 2013, Muriungi has held several leadership roles at the bank, including serving as CEO of Chase Auto for nearly five years. Chase Auto was the 4th-largest lender by outstandings at yearend 2023 with a portfolio of $88.6 billion, according to the latest Big Wheels Rankings data. Teachers Federal Credit Union taps Alessi as CFO Teachers Federal Credit Union has promoted Ben Alessi to chief financial officer, according to a Dec. 17 company release. [caption id="attachment_58347552" align="alignright" width="183"] Ben Alessi[/caption] Alessi, who has over 24 years of experience in the financial services industry, has been with the organization for 18 years. He was most recently senior vice president of accounting and finance. In his new role, Alessi will lead the credit union's financial strategy, focusing on growth and member value, according to the release. Teachers Federal Credit Union had $1.5 billion in auto outstandings at yearend 2023, according to Big Wheels ranking data . The credit union has $9.8 billion in assets, according to the release. SAFCO names Hopper SVP, CRO [caption id="attachment_58347559" align="alignleft" width="122"] Brian Hopper[/caption] Southern Auto Finance Company named industry veteran Brian Hopper senior vice president and chief risk officer, according to a Nov. 25 company release. Hopper has over 20 years' experience in risk management positions, most recently serving as vice president of business risk and analytics at AutoNation . Hopper’s previous roles also include chief credit and risk officer for United Auto Credit Corp. and director of risk management at Westlake Financial Services , according to LinkedIn. SAFCO’s portfolio is near $350 million , SAFCO CEO George Fussell told Auto Finance News , in February. Kuniskis returns as CEO of RAM Tim Kuniskis returned to RAM as CEO on Dec. 9 after retiring from the position in May, a Stellantis spokesperson told AFN . Chrysler and Alfa Romeo brand CEO Christine Feuell served as CEO of the RAM brand in the interim, according to a Stellantis release. [caption id="attachment_58347555" align="alignright" width="93"] Tim Kuniskis[/caption] Kuniskis has been with Stellantis for 32 years and was CEO of the Dodge brand before his work with RAM, according to his company bio page. In Q3, Stellantis’ total U.S. sales declined 20% year over year to 305,294 units, according to its most recent sales report. Stellantis Financial Services had $7 billion in outstandings at yearend 2023, according to Big Wheels. Wolters Kluwer appoints Sherwood CIO [caption id="attachment_58347560" align="alignleft" width="93"] Mark Sherwood[/caption] Wolters Kluwer has named Mark Sherwood as executive vice president and chief information officer, according to a Dec.9 company release. Sherwood , will lead the company’s enterprise technology operations, focusing on advancing digital capabilities, integrating AI into operations and enhancing both workplace and customer experiences. Sherwood joins Wolters Kluwer from Microsoft , where he led the global Infrastructure and engineering services team, according to the release. His previous roles include SVP and CIO at Nuance Communications , vice president of IT at Symantec , and leadership positions at Cisco Systems . Scott Ellefson joins Point Predictive [caption id="attachment_58347557" align="alignright" width="89"] Scott Ellefson[/caption] Scott Ellefson has been named fraud consulting manager at Point Predictive , an AI-based fintech offering risk management solutions to financial institutions, according to LinkedIn. He previously spent 18 years at VW Credit in various positions, including as fraud specialist for nine years, according to LinkedIn. Register here for the free Auto Finance News webinar “Tapping Aftermarket Products to Improve Dealer Relations and Profitability,” taking place on Tuesday, Jan. 14, at 10:45 a.m. ET.

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Changes at Porsche Financial Services, Chase and other staff moves

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