SOURCE: Global Lending Services LLC

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May 03, 2013 15:05 ET

Global Lending Services Announces New CEO

ATLANTA, GA--(Marketwired - May 03, 2013) - Global Lending Services LLC (GLS), a provider of subprime automotive financing, today announced the appointment of Steve Thibodeau to the position of Chief Executive Officer (CEO).

Mr. Thibodeau will succeed Gary Lorenz, who has served as CEO since March 2012. The appointment will be effective as of May 15, 2013.

Since 2000, Mr. Thibodeau has worked with Capital One, having held various leadership roles across the company's marketing, credit, operations, sales, servicing and strategy sectors. He was part of the original leadership team that helped grow Capital One Auto Finance from $260 million in managed loans to currently over $25 billion. 

"Steve is without question the right person to lead Global Lending Services and we're thrilled he has agreed to become CEO," said Douglas Duncan, Chairman & Founder of GLS. "Steve brings with him many years of successful experience in the automotive subprime industry, and we look forward to his leadership and guidance."

About Global Lending Services
About Global Lending Services LLC (www.glsllc.com)
Global Lending Services LLC provides subprime auto financing to franchise and independent auto dealerships. GLS was founded in 2011 by auto industry veteran Douglas Duncan and acquired the assets and operations of Resurgent Auto Finance in 2012 to create a scalable auto finance platform. Formed using state-of-the-art technology and analytics, GLS strives to provide services to help customers with basic transportation needs while creating a dealer-friendly environment that enhances their business partners' profitability.

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