Stamford, CT – RVI Group Announces Senior Leadership Changes
- RVI Group announces executive appointments to support redesigned organizational structure
- Douglas May to remain as Chief Executive Officer (CEO)
- Daniel Egan and Michael McGroarty are promoted to Co-Chief Operating Officers (Co-COOs)
- Egan and McGroarty will report to CEO, Douglas May. All other senior leadership to report to Egan or McGroarty
Dan Egan has been with RVI since 1996, most recently as Executive Vice President and Chief Risk Officer. Egan will continue to lead RVI’s Risk Management team, and will expand his oversight to include RVI’s Commercial Equipment business, and Finance / Accounting functions. Egan’s depth of knowledge of Residual Value Insurance is tremendous; for many years prior to being Chief Risk Officer he was responsible for running RVI’s Commercial Equipment business.
Mike McGroarty has been with RVI since 2007, most recently as Executive Vice President, General Counsel and Secretary. McGroarty will continue to lead RVI’s Legal and Commercial Real Estate Departments, and expand his oversight to include RVI’s Passenger Vehicle business, Information Technology, Human Resources, and RVI’s subsidiary, Transition Services, Inc. In addition to McGroarty’s depth of legal experience, he also brings experience running operations as a Chief Operating Officer for one of his prior employers.
“During their long tenure with the company, Dan and Mike have each contributed significantly. Their unique skillsets have been invaluable to RVI, and complement each other well for a dynamic partnership as Co-COOs. We are grateful for their leadership and commitment,” said Douglas May, CEO of RVI Group. “We have tremendous confidence in Dan and Mike’s leadership. They have the full support of the Board and our employees to lead strategy and business operations to support growth and profitability into the future.”
About RVI Group:
RVI Group is the world’s leading provider of residual value insurance. For over 28 years, RVI’s solutions have brought financial, regulatory and accounting benefits to clients who are active worldwide in leasing, asset-based finance, and asset securitization. For more information, please visit www.rvigroup.com.