Thayer brings nearly three decades of experience as a financial executive in diverse industries, including private equity and payments
KNOXVILLE, Tenn., November 10, 2022 — Vehlo, a leading provider of software and financial solutions to the automotive repair industry, today announced the appointment of technology veteran David Thayer as Chief Financial Officer (CFO). Thayer brings to his role a track record of success in the payments technology industry, one of three verticals in which Vehlo operates.
Before his departure in 2021 as Senior Vice President of Operations, Thayer helped build U.S. Bancorp subsidiary Elavon into a credit card processing giant with more than a million merchant locations in more than 30 countries. Thayer served in various roles of escalating responsibility during his nearly 20-year tenure with Elavon, where he oversaw P&Ls of $1.3 billion and 1,300 team members.
“David comes with a track record of success in the combination of payments, software, and private equity,” said Vehlo CEO Michelle Fischer. “He is the perfect strategic partner for our team as we continue to grow and scale Vehlo to be the industry’s favorite provider for software and payments in automotive repair.”
Thayer, who earned his Master of Business Administration from the University of Tennessee at Chattanooga, most recently oversaw financial activities while helping to guide company direction as CFO of One Inc., a digital payments network for the insurance industry. The executive also served as Budget and Finance Director for the University of Tennessee’s Research and Information Technology team.
Thayer is the latest C-level addition for Vehlo following the appointment of Ronda Lewis as Chief Revenue Officer. He will oversee the company’s finance and accounting team, be responsible for building a pipeline of talent through recruitment, onboarding, and coaching, ensure operational excellence, and serve as a strategic partner to the business by identifying opportunities for improving profitability, growth, and leading the financial planning and forecasting process as well as acquisition diligence and integration from a financial perspective.
“Vehlo is an exciting company with an amazing organization and leadership team that’s laser-focused on revolutionizing the automotive repair industry through its business and payment solutions,” Thayer said. “I look forward to joining this talented crew as we look to continue Vehlo on its rocket-ship trajectory.”
Vehlo is a leading provider of software and financial solutions for the automotive repair industry. Its product suite consists of everything the modern auto service provider needs to deliver an excellent customer experience and run a profitable business. Vehlo offers shop management and digital vehicle inspection tools for aftermarket auto repair shops, as well as dealer service lane solutions designed to improve efficiency. The company’s fintech solutions power payments, small business loans, and repair financing, allowing Vehlo to support repair operations at every touchpoint of the customer journey. To learn more, visit vehlo.com.