DEERFIELD BEACH, Fla. — Colin Brown, president and CEO of JM Family Enterprises Inc., announced the promotion of Dan Chait to president of World Omni Financial Corp. A subsidiary of JM Family, World Omni provides financial products and services to automotive dealers, consumers and lenders.

Chait joined World Omni in 2002 after holding senior-level positions at US Airways, AutoNation and UniCapital Corp. He most recently served as senior vice president of World Omni, working closely with Frank Armstrong, who recently announced his retirement as president of the company.

Since Armstrong became president of World Omni in November 2008, the company experienced significant growth and achieved its best financial results, according to officials. As president, Chait is responsible for the strategic and operational management of World Omni and its divisions, including Southeast Toyota Finance. Chait will also continue serving as a member of JM Family's executive team. 

“Frank has been an integral part of our success since joining the company in 2001. We understand and support his decision to retire and are grateful for his service,” Brown said. “Dan’s appointment to president is a testament to his leadership and proven commitment to our company and our associates. With his extensive experience in the financial services industry and the collective efforts of our World Omni team, we are well positioned for continued growth.”