WASHINGTON, D.C -

The American Financial Services Association installed Joy Falotico, executive vice president, marketing, sales and the Americas at Ford Motor Credit, as chair of AFSA's Vehicle Finance Division Board, succeeding Andrew Stuart of VW Credit.

In this role, AFSA highlighted Falotico will oversee the division's initiatives and chair the 2015 Vehicle Finance Conference & Expo, which is set for January 20 through 22 in San Francisco.

More than 800 individuals belong to the division, which recently commissioned a study on indirect auto lending.

Falotico is responsible for Ford Credit marketing and sales globally, and business operations in North and South America. She joined the company in 1989 and has diverse experience in all facets of automotive retailing operations.

Previously, Falotico was executive vice president of Ford Credit North America, responsible for the company's business in the U.S. and Canada, its largest regional operation. She has served as vice president of U.S. sales operations and as vice president of global marketing.

Before that post, Falotico had pan-European responsibility for customer and dealer service operations and risk management for Ford Credit Europe.

Falotico also serves on the AFSA board of directors and executive committee.