MATTHEWS, N.C. — Subprime lender Ace Motor Acceptance Corp. recently revealed that due to expansion into new markets as well as the success of dealer financing tool BHPH In a Box, the company has chosen a new chief financial officer.

Tapped for the position is John Donaldson. Donaldson is a certified public accountant who has worked with public accounting firms such as PricewaterhouseCoopers, LLP.

The company noted that he boast a decade of accounting, automotive and finance experience.

Furthermore, Donaldson has served on the AMAC advisory board for the past two years.

“Donaldson had both the industry insight and accounting experience needed, making him the clear choice for CFO when the need for the position arose,” officials noted.

“His accounting experience with independent automobile dealership owners, extremely rare in the accounting industry, is an attribute that adds to the breadth of dealer knowledge that AMAC has in this industry,” they continued.

The new CFO also expressed his enthusiasm for his new position, noting, "I am excited to join a growing company that is well respected and truly helps dealers succeed.

“This is a well-managed company, and I look forward to being part of its continued success,” Donaldson added.

Lastly, the company noted that with the addition of Donaldson, “the leadership will continue to grow and AMAC will be able to further pursue their mission of providing independent dealers with all of the resources and tools necessary in growing and maintaining a successful dealership.”