Automotive Finance Corporation Expands Leadership Team


Automotive Finance Corporation Expands Leadership Team

Paul Kramarz hired as Senior Vice President of Risk, and Joe Keadle Promoted to Chief Operating Officer

CARMEL, Ind. – January 12, 2017 – Automotive Finance Corporation (AFC), today announced that Paul Kramarz has joined the company as senior vice president of risk, and Joe Keadle has been promoted to chief operating officer. AFC is a business unit of KAR Auction Services (NYSE: KAR) focused on providing inventory financing products and services for independent used vehicle dealers throughout North America.

Kramarz joins AFC with nearly 25 years experience in risk analytics and operational management for the financial services sector. In this newly created role, Kramarz will focus on risk mitigation strategies and limiting credit risk while strategically growing AFC’s portfolio. Kramarz will report directly to Jim Money, AFC president.

“AFC is an industry leader in providing innovative business and financial solutions to independent automotive dealers and delivering exceptional customer service, said Kramarz. “I look forward to expanding the impact of AFC’s risk scoring algorithms and loss mitigation strategies and focusing on optimizing dealer level profitability.”

Prior to joining AFC, Kramarz served as a director in the financial services advisory practice at Price Waterhouse Coopers. Kramarz also spent eight-years with American Honda Finance Corporation, serving as chief risk officer for several of those years. During his tenure at Honda, he led a complete re-build of custom credit score cards and automated underwriting criteria, and implemented the use of score matrixing.

“Paul has a strong track record of fostering and implementing innovation in the automotive industry,” said Money. “His vision and expertise on the state of the global auto lending industry will be of tremendous value to our company and our customers.”

Taking the AFC Chief Operating Officer role is Joe Keadle. Joe joined AFC in January 2010 as regional manager and was quickly promoted to vice president of operations for the company’s West division. He most recently served as AFC’s senior vice president of operations.

Keadle is a seasoned automotive industry executive, with a diverse professional background including managing new and used car departments and finance related executive management positions at Wachovia, New South Federal Savings Bank. He focuses on building high-performing teams and developing results-oriented sales and operational skills. Keadle will continue to report to Money.

“Joe’s leadership qualities and business acumen have made significant contributions to AFC and the success of our independent dealer customers,” said Money. “This expanded role will allow Joe to have an even greater impact on AFC’s strategy, operations, and long-term growth.”

AFC Contact KAR Contact
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Devra Callaghan Mike Eliason
(317)-843-3169 (317) 249-4559

About AFC
AFC is one of the largest providers of independent dealer inventory financing in North America. AFC, as part of KAR Auction Services, Inc., provides inventory financing programs for retail and wholesale automobile dealers, RV dealers, motorcycle dealers, commercial truck dealers, salvage and daily rental operators. For more information about AFC, please phone toll free 888-345-0600 or visit us online at

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