FOR IMMEDIATE RELEASE
Doug Marohn Promoted to President at FlexPath Capital
Tampa, FL – December 31, 2024 FlexPath Capital, a leading provider of floorplan financing solutions for independent car dealerships, is excited to announce the promotion of Doug Marohn to President. Marohn, who joined the company in January 2023 as Chief Operating Officer (COO), will now take on broader responsibilities, leading the company’s strategic direction, overseeing daily operations, and driving continued growth as FlexPath expands its services to meet the ever-evolving needs of independent dealerships.
Prior to his role at FlexPath, Doug Marohn accumulated 30 years of executive leadership experience in the financial services industry, mainly focused on and around the local independent used car dealer. Most notably, he served as CEO of Nicholas Financial, Inc. (Nasdaq: NICK), a nationally prominent provider of consumer finance services, and CEO of Metrolina Credit Company, a leading firm specializing in automotive lending in the Carolinas. Doug’s extensive background in financial services and his deep understanding of the needs of independent car dealerships have made him a respected figure in the industry.
“Doug has proven himself to be an exceptional leader since joining FlexPath, and we are thrilled to have him take on this expanded role as President,” said Peter Sayer, CEO of FlexPath Capital. “His track record of success, both as COO and in previous leadership roles, positions him perfectly to guide FlexPath through the next phase of growth. We are confident in his ability to continue strengthening our company and our relationships with independent dealerships.”
“I’m excited and honored to step into the role of President at FlexPath Capital,” said Doug Marohn. “Our team has done an outstanding job of providing independent dealerships with the flexible, reliable floorplan financing they need to succeed. I look forward to spearheading our efforts as we expand and innovate, always with the goal of delivering exceptional value to our clients.”
FlexPath remains committed to providing tailored floorplan financing solutions that help the independent dealership manage inventory, increase sales, and achieve sustainable growth.
www.FlexPathCapital.com
