CARMEL, Ind. -

NextGear Capital announced a new vice president of operations and business development on Tuesday.

Named to the role was Peter Grupposo, who will head up the company’s market portfolio strategies and field operational structure. He will be based at corporate headquarters in Carmel, Ind.

Grupposo’s most recent post was as a regional director for NextGear in the Northeast.

“NextGear Capital is experiencing tremendous growth. To maintain a balanced approach to strategic planning and developing new initiatives, we must have people with the diverse experiences that make it possible,” said Shane O’Dell, NextGear’s chief operating office.

“Pete brings a wealth of knowledge and creative energy to the position, and we look forward to the dynamic opportunities he will create.”

Grupposo started with NextGear’s predecessor — Dealer Services Corp. — in its New England region in 2005 after beginning his career with Enterprise Rent-A-Car. He has since held numerous management positions.

“I believe that NextGear Capital offers an unmatched level of service in the industry. I recognize that to maintain that position we must be constantly evolving, and I am eager to contribute to that evolution,” Grupposo said.

“I look forward to continuing to work with the industry's best and the NextGear Capital team.”

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