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AFS Acceptance Names New President

October 1, 2013

FORT LAUDERDALE, Fla. — AFS Acceptance LLC, promoted Scot Seagrave to the role of president.

Since joining AFS Acceptance in 2011 as executive vice president of Loan Originations, Seagrave has steered the transformation of the loan origination team into a cohesive unit delivering consistent and efficient solutions to AFS dealer partners. Seagrave has driven improvements and efficiency across the organization. Prior to his tenure with AFS, Seagrave worked as senior vice president for Prestige Financial Services in the same role.

In his new post as president, Seagrave will have overall responsibility for the sales and operations areas of the company, which include loan originations, loan servicing, human resources and other divisions critical to the mission of AFS. Seagrave will continue to drive the growth and execution of corporate culture, corporate strategy, operational and technical efficiencies, and advance continuing efforts to improve the service and overall profitability to all divisions.

Seagrave, who is looking forward to the new role, sid, “AFS has experienced solid growth in the last few years, and I’m excited to work with our phenomenal team to accomplish our goal of becoming one of the premier auto finance companies in the country. We are well positioned to increase our market share and we will continue to work hard to strengthen our relationships with dealers around the country.”

Dov Szapiro, who remains CEO and continues to have overall executive responsibility for the company, said, “Scot is a remarkable leader. In the two years that we've worked together, he has demonstrated a rare ability to blend tremendous passion, ingenuity and creativity, with a deep knowledge and understanding of the business. Scot’s organizational vision and cultural initiatives are impactful, inspirational and fun. I’m looking forward to seeing him drive the next stage of the Company's evolution, and the resulting transformation, innovation and market leadership that will come from it."

With Seagrave’s appointment to president, the company also announces that co-founder and managing partner, Uri Szapiro will now serve as the full-time executive chairman, focusing on strategic planning and corporate development initiatives, including corporate vision, organizational culture and other business growth opportunities.

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