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In this newly-created-role, Fernald will take over the day-to-day management of the company's successful Powersports and Outdoor Power Equipment (OPE) business in addition to his current responsibilities as Chief Financial Officer. Fernald is a talented executive with almost thirty years of leadership experience in the financial sector. Since joining Octane in 2019, Fernald established the company's highly-successful securitization program, which has produced eleven asset-backed securitizations in excess of $3b.
"It's been an honor to help Octane achieve such significant milestones during my tenure with the company and I'm excited to build on our momentum in the Powersports space," said Fernald. "As I take on this new role, I'm especially looking forward to helping our dealer and OEM partners to grow their businesses with our fast, easy financing experience."
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