DriveTime welcomes Chase McDonough as its new assistant vice president of Corporate Development.
He will be leading the company’s direction on expanding its product offering within the automotive retail and consumer lending model, according to PR Newswire.
McDonough, who will also be responsible for creating long-term strategies and frameworks for M&As, has a strong background in financing arrangements as well as investment banking.
Before joining DriveTime, he was a director at Wells Fargo.
McDonough has a bachelor of science in business administration degree and a bachelor's degree in English from the UNC-Chapel Hill, where he was a recipient of the Chancellor's Scholarship.
"We're thrilled to welcome Chase McDonough to the DriveTime family and to our senior team in this newly created position,” DriveTime CFO Mary Leigh Phillips said. “We believe his talent and contributions will help shape the future of DriveTime as we strive to create opportunities and improve lives for our customers and employees."
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