HOUSTON, Texas (December 11, 2019) – GSFSGroup, a leading provider of Finance & Insurance (F&I) products, training, dealer development, and award-winning profit participation structures to the automotive industry, has named Michael Hurley as Chief Financial Officer (CFO) and Vice President of Finance & Planning effective December 9, 2019. Hurley will report directly to GSFSGroup President Guy Koenig.
A veteran F&I professional with more than 35 years of experience, Hurley most recently served as Accounting and Finance Director for Allstate Dealer Services (ADS). Prior to his tenure with ADS, he held positions of increasing responsibility in the Allstate Texas Regional Office, Allstate Corporate Accounting, Allstate Personal Lines Finance, Allstate Life and Retirement Finance and Allstate Benefits since beginning his career with Allstate in 1984.
“We are excited to have Michael join our team here at GSFSGroup. His expertise and leadership will help us accelerate our already rapid growth as we continue to expand our national footprint, secure additional agent partnerships, leverage our insurance company for insurance-only opportunities, and evaluate potential acquisitions in the space. I look forward to working closely with him during these exciting times,” said Guy Koenig, President of GSFSGroup.
In his new role, Hurley will be responsible for developing the overall financial policies for the division and strategic direction of all financial functions, including finance, accounting, analysis of strategic business initiatives, and overall business operations for the company while ensuring that proper financial controls are in place and compliant with applicable laws and regulations.
"I believe the potential for growth and value creation is tremendous, given this group of smart and passionate people, strong technology, and extensive automotive industry expertise," Hurley said. “I look forward to becoming part of the GSFSGroup family and partnering with the team to continue to build the business.”
Hurley received a Bachelor of Science degree from the University of Pittsburgh and his Master of Business Administration from the University of Texas at Dallas.
Founded in Houston, Texas in 1982, Gulf States Financial Services, Inc. (GSFSGroup) is recognized nationwide as a leading provider of Finance & Insurance (F&I) products and award-winning profit participation structures to the automotive industry. Its primary goal is to become indispensable to dealer partners and their customers. The group’s vitality and passion for the automotive industry is matched only by the level of stability, perspective and wisdom that comes from more than three decades of experience. GSFSGroup is part of The Friedkin Group, a consortium of automotive, hospitality, entertainment, golf and adventure companies led by Chairman and CEO Dan Friedkin.
GSFSGroup® is a registered trademark of Gulf States Financial Services, Inc.