FlexPath Capital announced an executive promotion on the last day of 2024.

Now president of the provider of floorplan financing solutions for independent dealerships is Doug Marohn, who joined the company in January 2023 as chief operating officer.

FlexPath Capital said Marohn will now take on broader responsibilities, leading the company’s strategic direction, overseeing daily operations, and driving continued growth as it expands its services to meet the ever-evolving needs of independent dealerships.

Prior to his role at FlexPath, Marohn accumulated 30 years of executive leadership experience in the financial services industry, mainly focused on and around the local independent dealer.

Most notably, Marohn served as CEO of Nicholas Financial, a national provider of consumer finance services, and CEO of Metrolina Credit Company, a firm specializing in automotive financing in the Carolinas.

FlexPath Capital CEO Peter Sayer said Marohn’s extensive background in financial services and his deep understanding of the needs of independent dealerships have made him a respected figure in the industry.

“Doug has proven himself to be an exceptional leader since joining FlexPath, and we are thrilled to have him take on this expanded role as president,” Sayer said in a news release. “His track record of success, both as COO and in previous leadership roles, positions him perfectly to guide FlexPath through the next phase of growth.

“We are confident in his ability to continue strengthening our company and our relationships with independent dealerships,” Sayer added.

Marohn reiterated that FlexPath remains committed to providing tailored floorplan financing solutions that help the independent dealership manage inventory, increase sales, and achieve sustainable growth.

“I’m excited and honored to step into the role of president at FlexPath Capital,” Marohn said.  “Our team has done an outstanding job of providing independent dealerships with the flexible, reliable floorplan financing they need to succeed.

“I look forward to spearheading our efforts as we expand and innovate, always with the goal of delivering exceptional value to our clients,” he went on to say.

For more details, go to www.FlexPathCapital.com.