Location Services Adds Industry Veteran to Lead Remarketing Arm

Industry Veteran Paul Seger Joins Location Services, LLC as Chief Remarketing Officer

FOR IMMEDIATE RELEASE:

Indianapolis, IN, December 5, 2024. Location Services, LLC, the fastest-growing forwarding company in the servicing industry, is excited to announce the hiring of Paul Seger as Chief Remarketing Officer.

“We are thrilled to announce that Paul Seger is joining our organization as our Chief Remarketing Officer,” said Jerry Kroshus, CEO of Location Services. “Paul’s extensive background in remarketing is unprecedented. He is a very well respected leader who has done so much for the industry. We are looking forward to him working with our current team and our newly acquired remarketing group from Strategic Remarketing Solutions (SRS).”

Location Services Adds Industry Veteran to Lead Remarketing Arm — Paul Seger, Location Services, LLC’s new Chief Remarketing Officer

Paul has accomplished much over his 37 plus year career at GE and Element Fleet Corporation. He was instrumental in navigating the Consumer Finance business through several challenging cycles in the automobile industry and was responsible for mitigating millions of dollars in forecasted residual value losses. In addition, Paul is a GE Six Sigma Green Belt with multiple quality improvement projects to his credit and was also a Warren Young Fellow award recipient in 2005.

Paul led the launch of GE’s automotive remarketing services business for non-lease customers, growing the business into one of the largest 3rd Party vehicle portfolios in the nation, offering a uniquely broad mix of inventory for Element’s automotive buyers. In 2015, he was named Consignor of the Year by his industry peers at the National Auto Auction Association Conference. In 2018, Paul was elected president of the IARA where he led a successful drive to boost membership, significantly increase participation in remarketing certification programs, and attract headline[1]making keynote speakers for conference events. In 2022, he was inducted into the NAAA Hall of Fame.

“I am so excited to join Location Services as their Chief Remarketing Officer,” said Seger. “Jerry has built an incredible team, and I am very excited to be a part of this growing organization. Also, I have been so impressed with Delaware Street Capital and how supportive they are to the business. Being able to work with the newly acquired SRS team is also a plus, as I have firsthand experience working with them. Additionally, working with Debbie Stokes, who was just named Remarketing Executive of the Year at Used Car Week, and Mike Rodi, who has been with me for numerous years, will be a great experience. I can’t wait to get started.”

David Heller, Partner at Delaware Street Capital, the capital partner behind Location Services, said, “We are so excited to have Paul join our Location Services organization. He has an incredible pedigree and reputation, and we feel very fortunate to have him.”

About Location Services

Location Services, LLC is a full-service recovery management company based in Indianapolis, IN, providing solutions in all 50 states for recovery, skip, LPR, remarketing, titles, impounds, keys, transportation and legal notices for banks, finance companies and credit unions. Location Services is owned by Delaware Street Capital (DSC), a Bluhm family investment vehicle, providing significant financial strength and backing to Location Services. For additional information about Location Services, visit locationservices.com.

For further information, contact:

Michele Connell

Vice President

714-227-7450

Michele.Connell@location-services.com

Miriam Salama

Vice President

908-768-5202

Miriam.Salama@location-services.com