Automotive Finance Corp. has promoted Joe Keadle to COO as well as created a new position for Paul Kramarz, who  has joined the company as senior vice president of risk, according to the company.

Kramarz has nearly 25 years of experience in risk analytics and operational management for the financial services sector. Kramarz will focus on risk mitigation strategies and limiting credit risk while growing AFC’s portfolio. Kramarz will report directly to Jim Money, AFC president.

"I look forward to expanding the impact of AFC’s risk scoring algorithms and loss mitigation strategies and focusing on optimizing dealer level profitability," said Kramarz.

Meanwhile, Keadle 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, according to the company. His focus will be on strengthening teams and developing sales and operational skills. Keadle will also continue to report to Money.

"This expanded role will allow Joe to have an even greater impact on AFC’s strategy, operations, and long-term growth," said Money.

AFC is a business unit of KAR Auction Services focused on providing inventory financing products and services for independent used vehicle dealers throughout North America.