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Capital One Auto Finance Names New President

October 16, 2012

MCLEAN, Va. — Capital One Auto Finance (COAF) has a new president, the company announced today in a filing with the Securities and Exchange Commission.

According to the filing, Kevin Borgmann, COAF’s current president, was promoted to deputy chief risk officer with the departure of Peter Schnall, who is expected to vacate his position on June 1, 2013. Schnall, according to the filing, has agreed to remain with the company in a senior advisory role through April 1, 2014.

“Mr. Schnall’s responsibilities through the remainder of his tenure as chief risk officer will include working closely with Mr. Borgmann on a smooth and effective transition,” read the filing. “Mr. Schnall has agreed to remain with the company in a senior advisory role through April 1, 2014, at his current compensation and benefit levels until his departure.”

Schnall will continue to receive payments for the first two years following his departure, and his non-competition agreement provides payments totaling $5.3 million for an additional three years, according to the SEC filing.

Borgmann will assume his new role on Nov. 1. Replacing him as president of COAF is Sheldon F. “Trip” Hall,” who has been with the company since 1998. He currently serves as senior vice president for COAF.

 

 

Comments

  1. 1. JONATHAN STURGILL [ September 07, 2014 @ 12:58PM ]

    someone in charge of this company needs to contact me at once! my phone 276-274-8272

  2. 2. Brenda W. Mitchell [ December 04, 2017 @ 07:28AM ]

    Good morning, could someone in charge of this company contact me as soon as possible, I tried several times your represents just place me on hold then i be on hold for 15 minutes or longer no one ever answer my call. I HAVE 6 MONTHS TO WORK BE FORE I RETIRE I WANTED TO PAY THAT CAR OFF OR PROBABLY WOULD OF HAVE PURCHASE A NEW CAR WITH YOUR BANK. AT THIS TIME IS THERE ANY WAY POSSIBLE I CAN HAVE SOME HIGHER AUTHORITY CONTACT ME AT 904-551-8050 OR 904-858-6198. I WOULD REALLY APPRECIATE THE CALL. THANKS

 

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