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JM Family Enterprises Names New Execs

November 07, 2008

DEERFIELD BEACH, Fla. – Diversified automotive company JM Family Enterprises’ has named Brent Burns as executive vice president and chief financial officer of the company. Additionally, Frank Armstrong has been promoted to president of subsidiary World Omni Financial Corp. and executive vice president of JM Family; and Dan Chait has been promoted to group vice president of World Omni.

Burns, 49, joined JM Family in 2000, having served as president of World Omni since 2001. As CFO, Burns will oversee the financial operations for all JM Family business units, as well as the audit, treasury, accounting, tax, and family office departments. He will continue to serve as a member of the company’s executive management team, which directs the development and implementation of JM Family’s long-range planning and strategies for future growth.

Armstrong, 50, the newly appointed president of World Omni Financial Corp. and executive vice president of JM Family, will be responsible for the strategic and operational management of diversified financial services company World Omni. He also oversees World Omni’s divisions, including Southeast Toyota Finance, CenterOne Financial Services LLC, DataScan Technologies LLC, DataScan Field Services and Monetrics. He will also continue to serve as a member of JM Family’s executive management team.

Chait, 41, the new group vice president of World Omni, will be responsible for Southeast Toyota Finance’s Portfolio Management, Dealer Services, Sales and Marketing. He has 18 years experience in the financial field. Before joining World Omni, he held senior level positions with US Airways Inc., AutoNation Inc., UniCapital Corporation and Banc of America Leasing Commercial Markets LLC. Chait joined World Omni in 2002 as vice president, Asset Management and was promoted to group vice president in 2007.

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