Betty Yotanovich has been named president of Chrysler Capital and the automotive affiliate of financial provider Santander Consumer USA.
Jotanovic will assume the role in March. She will succeed Bruce Jackson, 55, who was named head of Santander’s U.S. automotive business and CEO of Her Santander Consumer in December.
Jotanovic, 50, is responsible for the origination of credit, financing and dealer management activities for Santander Auto and Chrysler Capital. She joined the company in 2018 and has previously held senior management positions at Bank of America, GE Capital and Chrysler Financial.
Santander Consumer, a wholly owned subsidiary of Santander Holdings USA, has an average portfolio of assets under management of $65 billion in the third quarter of 2022, named by JD Power as the fourth largest retail auto lender by market share. had exceeded. It is part of the Madrid-listed global banking group Banco Santander SA.
Since 2013, Stellantis has relied on Santander Consumer USA to oversee captive finance company Chrysler Capital in a private label partnership.
However, in 2021, Stellantis acquired First Investors Financial Services Group and changed it to its internal captive, Stellantis Financial Services. Mark Stewart, his COO of Stellantis North America, said he started using the in-house lender in December.
However, Chrysler Capital continues to operate and in April 2022 Stellatis and Santander agreed to extend the contract’s end date from 2023 to 2025.
In April 2022, Stellantis Chief Affiliate Officer Philippe de Rovira said: As a captive lender, we offer a wide range of financing options to meet your needs. ”