ATLANTA — Tomorrow, Steve Thibodeau officially assumes his new post as CEO of Global Lending Services LLC (GLS). The subprime auto finance source announced Thibodeau’s appointment earlier this month. He succeeds Gary Lorenz, who has served as CEO of the company since March 2012.

Since 2000, 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 more than $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 and 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.”