MT. ARLINGTON, N.J. – The International Automotive Remarketers Alliance (IARA) has announced that Jay Hinchman, assistant vice president of remarketing, World Omni Financial Corp./CenterOne Financial Services, has joined the IARA board of directors.

Hinchman is responsible for all vehicle remarketing sales and logistics functions of World Omni Financial Corp., Southeast Toyota Finance, and CenterOne Financial Services clients. Throughout his career, he has developed and enhanced alternative distribution sales channels and restructured the company’s traditional auction sales process, resulting in increased mitigation of losses and maximization of net sale proceeds.

Hinchman joined World Omni in 1999 as director of corporate vehicle remarketing. Prior to joining the company, Hinchman served as vice president of remarketing for Bank of America and held management and executive positions at Nations Bank Auto Leasing, Barnett Bank, and Oxford Resources Corp. Hinchman resides with his wife, Sylvana, in Boca Raton, Fla.

In addition, Dave Sutton, general manager, Auction Sales & Operations, VW Credit, Inc., and Nick Peluso, senior vice president of customer relations and strategies, Manheim, have been confirmed to the IARA Board, with terms expiring Dec. 31, 2009.