Santander Consumer USA Holdings said its CEO Jason Kulas has resigned, effective Aug. 27. Scott Powell will succeed Jason Kulas as CEO, effective immediately. Powell is CEO of Santander Holdings USA and Santander Group’s United States country head. He will continue to serve in those roles.
Kulas resigned to pursue other opportunities, the company said. Powell has served as CEO of Santander Holdings USA since 2015. Prior to joining Santander, he held senior roles at JPMorgan Chase (JPM), including head of banking and consumer lending operations.