CARMEL, Ind. -

On Tuesday, NextGear Capital appointed a new vice president of diversified products.

Tapped for the role was Frank Ford, who will be responsible for strategic planning, development and growth of diversified non-auto floor plan products. The company indicated those products could include recreational vehicles, marine, powersports, salvage, daily rental and others as implemented.

“As market dynamics change and our industry evolves, we intend to be engaged in every opportunity presented,” NextGear Capital executive vice president Marty McFarland said.

“There are many stages to the remarketing cycle. Having a diverse offering of products and services will be key to keeping NextGear Capital at the leading edge of the industry,” McFarland continued.

“Frank’s extensive background and experience in commercial finance will be a tremendous asset in leading our product diversification strategies,” he went on to say.

Ford previously served as senior vice president of sales for Cessna Finance, a division of Textron Financial’s captive finance division. He also served as Textron Financial’s general manager of the St. Louis floor plan office where he managed their diversified receivables portfolio.

“Industry leaders always recognize the importance of presenting a diverse range of product and service offerings to their market,” Ford said.

“NextGear Capital has clearly established itself as an industry leader, and I look forward to creating more opportunities for growth for the company,” he added.

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