Executive Management Team
Chief Executive Officer
Roger Stattel joined Capital Automotive in 2016 as the Chief Financial Officer, after working with the Company since 2005 at its private equity investor. Prior to joining the Company, he was the Director of Finance at DRA Advisors LLC, an investment advisor specializing in real estate investment and management. During his twelve years at DRA, Mr. Stattel handled property-level financing for the company’s real estate investments as well as corporate level debt and preferred equity facilities, including those associated with two public-to-private leveraged buyouts. He was part of the team that worked on privatizing Capital Automotive in 2005 and oversaw the investment until the Company was sold in 2014. Before DRA, he was with the real estate practice at Ernst & Young.
Mr. Stattel graduated from New York University’s Stern School of Business with a MBA in Finance and Economics. He received his undergraduate degree from the University of Maryland in Accounting and Finance and is a CPA.
Daniel E. Garces
President & Chief Operating Officer
Dan is President & Chief Operating Officer at the Company with over thirty-one years of experience in commercial lending and structuring creative financing alternatives through sale-leasebacks with automotive dealers. Prior to joining CARS in 2002, Dan was a commercial lender at LaSalle Bank in Chicago with a focus on providing credit to a wide array of financial institutions throughout the U.S. including: retail automobile finance, consumer finance, commercial finance, leasing, and mortgage banking companies. Prior to LaSalle, Dan was a lender in the National Dealer Services Group at Comerica Bank in Chicago. He managed a portfolio of dealer group relationships and provided floor plan financing, capital loans, mortgage debt, and other banking services to auto dealers throughout the Midwest. Dan is a graduate of Loyola University Chicago where he received a B.B.A. majoring in Finance with an Accounting concentration.
Erica B. Powers
Senior Vice President & Chief Financial Officer
Erica Powers joined Capital Automotive in 2000. She initially served as Assistant Controller, before promotions to Controller and then Chief Accounting Officer and Treasurer of the Company. As Chief Financial Officer, she manages all of the finance, accounting and financial reporting of the company. Prior to joining Capital Automotive, Ms. Powers served for four years as Controller of Fortress Mortgage, a start-up mortgage company owned by The Fortress Group, a roll-up of home builders. Prior to Fortress Mortgage, she was a Senior Accountant and Consultant within the Mortgage and Structured Finance Group of KPMG.
Ms. Powers graduated with a B.A. from Tufts University and an M.S. in Accounting from The American University.
Senior Vice President & General Counsel
Stephanie Rochel represents the company on a variety of complex matters. Prior to joining in 2018, she practiced commercial litigation with one of the top firms in construction litigation. Ms. Rochel handled contract negotiations, claim preparation, and complex multi-party ADR and litigation for both domestic and international disputes. In that role, Ms. Rochel presented oral arguments at the District of Columbia Court of Appeals and the Supreme Court of Virginia.
Ms. Rochel earned her undergraduate degree from the University of Notre Dame, graduating cum laude. She graduated from the University of Notre Dame Law School, magna cum laude. While earning her law degree, she was honored as a Dean’s Circle Fellow (top 10% of the class) and competed with the Barristers Trial Team. Ms. Rochel is admitted to practice in Virginia and certain federal courts, including the Supreme Court of the United States of America.
Jay M. Ferriero
Jay M. Ferriero joined Capital Automotive in February 1999 as the Company’s Director of Acquisitions. In over 25 years since, he has served as the Chief Operating Officer, President and Chief Executive Officer. Mr. Ferriero has forty-four years of experience in commercial, automotive dealership and real estate finance. Prior to joining Capital Automotive, from 1994 to 1999, Mr. Ferriero served as a First Vice President Loan Group and National Accounts Manager at Comerica Incorporated, a leading financial institution serving the automotive retail industry. At Comerica, Mr. Ferriero was responsible for managing the auto dealer lending offices in Florida and Illinois, and had nationwide responsibilities for managing multi-bank credit facilities for some of the largest auto consolidators. From 1991 to 1994, Mr. Ferriero was Senior Vice President and Senior Lending Officer at Comerica Bank & Trust, overseeing all lending activities. Since 1980 and prior to 1991, Mr. Ferriero’s experiences included managing commercial loan processing operations, restructuring problem loans, and originating commercial and auto dealership loans. Mr. Ferriero serves as a member of the Advisory Board of the Fitgerald Institute of Real Estate, and as a member of the Business Advisory Council for the Mendoza College of Business at the University of Notre Dame, where he is a graduate with degrees in Finance and Sociology.
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