XLerate names 4 new senior VPs of combined wholesale automotive company
The leadership structure of the newly combined XLerate and America’s Auto Auction groups continues to take shape.
XLerate Group — which is the parent company of America’s, Auction Credit Enterprises, XLerate Auctions, XL Funding and Liquid Motors — has named four new senior vice presidents.
These new senior VPs — Laura Taylor, John Swofford, Jason Nichols and Brian Thomas — will join XLerate Group’s executive team.
Other members of the executive team include chief executive officer Cam Hitchcock, executive VP Chuck Tapp and EVP/chief financial officer Charles Kunkel.
One of the new senior VPs (Taylor) has been promoted from a prior roles in the XLerate organization; while three come from prior roles at America’s.
Taylor has been general manager of Charleston Auto Auction in South Carolina since 2009, after joining the auction in 2004.
After spending 16 years with Manheim and ADT Automotive, Swofford came over to America’s in 2009, serving as senior VP through last year.
Thomas has been with America’s since 2008 after time with Tri-State Auto Auction in Pennsylvania and Capital City Auto Auction in West Virginia.
He was a senior VP with America’s through 2021.
Nichols, meanwhile, has been with America’s since 2012, eventually working in the acquisition piece of the business.
“There is great talent in the America’s organization, and we are thrilled to welcome John, Brian, and Jason to the combined senior team,” Hitchcock, the XLerate CEO, said in a news release.
“We are also happy to announce the promotion of Laura Taylor, former GM of Charleston Auto Auction, to SVP as she joins Brian and John in oversight of our auction operations.”
Hitchcock added: “XLerate Group’s acquisition of America’s Auto Auction in December 2021 creates an extensive group of 39 auction sites across 19 states. We are expanding and strengthening our executive team to meet the needs of our company and our customers.”
XLerate closed its purchase of America’s Auto Auction last month, a deal initially announced in December that also brought America’s Auction Credit Enterprises (ACE) property under its umbrella.
Last week, XLerate announced it was bringing the ACE and XL Funding (XLF) floor plan finance companies under common leadership, naming Chris Burton the president of both ACE and XLF.