An Irving auto insurance finance company is getting a new CFO following an ownership shift and an expansion of services in 2021.
Exeter Finance announced Thursday it has tapped industry veteran Jason Kulas as chief financial officer and vice chairman, effective next month, taking over as current CFO Brad Nall retires after almost 10 years as a leader at the company.
Last year, Warburg Pincus acquired the Irving company and its then-$7-billion loan portfolio from funds managed by Blackstone in a deal that closed Nov. 30. Exeter CEO Jason Grubb and President and COO Brad Martin — both of whom had leadership roles at subprime auto lending firm Santander Consumer USA with Kulas — stayed on with the Exeter management team through its sale as "meaningful" investors.
Kulas, who will take the reins officially on Feb. 15, recently served on Exeter's board of directors and as a senior advisor to Warburg Pincus.
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