{"id":6498,"date":"2025-01-30T09:20:02","date_gmt":"2025-01-30T09:20:02","guid":{"rendered":"https:\/\/octane.co\/o\/?p=6498"},"modified":"2025-01-30T14:03:43","modified_gmt":"2025-01-30T14:03:43","slug":"press-octane-appoints-jon-vestal-and-kartik-kothari-to-executive-vice-president-positions","status":"publish","type":"post","link":"https:\/\/octane.co\/o\/press-octane-appoints-jon-vestal-and-kartik-kothari-to-executive-vice-president-positions\/","title":{"rendered":"Octane Appoints Jon Vestal and Kartik Kothari to Executive Vice President Positions"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6498\" class=\"elementor elementor-6498\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7579d55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7579d55\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c706589\" data-id=\"c706589\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5518d9c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5518d9c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3542a34\" data-id=\"3542a34\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49dd763 elementor-widget elementor-widget-image\" data-id=\"49dd763\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-1024x574.png\" class=\"attachment-large size-large wp-image-6500\" alt=\"\" srcset=\"http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-1024x574.png 1024w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-300x168.png 300w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-768x431.png 768w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-1536x861.png 1536w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-2048x1149.png 2048w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-1160x651.png 1160w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-89x50.png 89w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-650x365.png 650w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-1000x561.png 1000w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241223_SOC_PromotionsPress_JonKartik_PressRelease-50x28.png 50w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-013f90c\" data-id=\"013f90c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-054b466 elementor-widget elementor-widget-text-editor\" data-id=\"054b466\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><i><span style=\"font-weight: 400;\">Company Strengthens its Leadership Team to Supercharge its Continued Momentum<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c09a88 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c09a88\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7856871\" data-id=\"7856871\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94a02db elementor-widget elementor-widget-text-editor\" data-id=\"94a02db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">NEW YORK, January 30, 2025 \u2014 <\/span><a href=\"http:\/\/www.octane.co\"><span style=\"font-weight: 400;\">Octane<\/span><\/a><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\"> (Octane Lending, Inc.<\/span><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\">), the fintech company revolutionizing the financing experience, announced today that it has promoted two executives to Executive Vice President, the first to hold the new title. Both appointments are effective January 1, 2025.<\/span><\/p><p><a href=\"https:\/\/www.linkedin.com\/in\/jonvestal\/\"><b>Jon Vestal<\/b><\/a><span style=\"font-weight: 400;\"> has been named Executive Vice President, Head of Powersports &amp; Outdoor Power Equipment (OPE). During his seven years with Octane, Vestal has been integral to Octane\u2019s achievement of countless milestones, including surpassing <\/span><a href=\"https:\/\/octane.co\/o\/company-grows-originations-by-36-percent-in-record-breaking-year\/\"><span style=\"font-weight: 400;\">$5B in aggregate originations and $1.6 billion in annual originations<\/span><\/a><span style=\"font-weight: 400;\"> in 2024. Last year, Vestal\u2019s leadership helped Octane to strengthen its relationships with <\/span><a href=\"https:\/\/octane.co\/o\/kawasaki-and-octane-announce-strategic-agreement\/\"><span style=\"font-weight: 400;\">Kawasaki<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/octane.co\/o\/cfmoto-and-octane-partner-to-provide-financing-to-prime-customers\/\"><span style=\"font-weight: 400;\">CFMOTO<\/span><\/a><span style=\"font-weight: 400;\"> and expand its offering by partnering with RideNow to <\/span><a href=\"https:\/\/octane.co\/o\/ridenow-and-octane-partner-to-launch-ridenow-finance\/\"><span style=\"font-weight: 400;\">launch RideNow Finance<\/span><\/a><span style=\"font-weight: 400;\">, a private label partnership that combines digital tools, full-spectrum financing, and branded lifecycle marketing. Additional notable accomplishments include building out the Sales function, signing and launching partnerships with <\/span><a href=\"https:\/\/octane.co\/o\/polaris-and-octane\/\"><span style=\"font-weight: 400;\">Polaris<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/octane.co\/o\/brp-taps-octane-to-power-instant-financing-for-2022-sea-doo-switch\/\"><span style=\"font-weight: 400;\">BRP<\/span><\/a><span style=\"font-weight: 400;\">, and leading Octane\u2019s entrance into the <\/span><a href=\"https:\/\/octane.co\/o\/entering-the-rv-market-to-streamline-and-digitize-the-buying-experience\/\"><span style=\"font-weight: 400;\">recreational vehicle (RV)<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/octane.co\/o\/second-new-market-for-octane-in-2022\/\"><span style=\"font-weight: 400;\">tractor<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/octane.co\/o\/trailer-market-entry-for-octane\/\"><span style=\"font-weight: 400;\">trailer<\/span><\/a><span style=\"font-weight: 400;\">, and mower markets. Vestal has held numerous leadership roles of increasing seniority since joining Octane in 2017. Prior to that tenure, he served as the National Sales Director for another national lender, and in various executive roles within higher education. Vestal holds a B.S. in Finance from the University of Central Missouri.\u00a0<\/span><\/p><p><a href=\"https:\/\/www.linkedin.com\/in\/kartik-kothari-cfa-16522030\/\"><b>Kartik Kothari<\/b><\/a><span style=\"font-weight: 400;\"> has been named Executive Vice President &amp; Deputy Chief Financial Officer. With nearly 20 years of financial services experience across fintech, consumer finance, and banking, Kothari has had a considerable impact on Octane since joining the company in 2021. Under Kothari\u2019s leadership, Octane has strengthened its business by launching new markets and products, enhancing its financial strategy, and deepening relationships with strategic partners, capital markets, and investors. Before joining the company, Kothari led the public market readiness and execution process at a digital mortgage company. Earlier in his career, he spent 13 years at Barclays as a Director in the Financial Institutions Group (FIG) in investment banking, where he advised companies on IPOs, mergers and acquisitions, joint ventures, partnerships, and debt financings. Kothari holds a B.S. in Economics from Rutgers University and is a CFA<\/span><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\"> charterholder.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cWith their myriad accomplishments and wealth of expertise, Jon and Kartik have proven themselves to be outstanding leaders,\u201d said Jason Guss, CEO and Co-Founder of Octane. \u201cI\u2019m grateful for their significant contributions to Octane and thrilled that they will help guide Octane\u2019s next phase of growth in their new roles. Octane\u2019s ability to attract and develop exceptional talent has always been a key driver in our success and I am even more optimistic about the future of our company with such strong executives on our team.\u201d\u00a0<\/span><\/p><p><b>###<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Company Strengthens its Leadership Team to Supercharge its Continued Momentum NEW YORK, January 30, 2025 \u2014 Octane\u00ae (Octane Lending, Inc.\u00ae), the fintech company revolutionizing the financing experience, announced today that<\/p>\n<div><a href=\"https:\/\/octane.co\/o\/press-octane-appoints-jon-vestal-and-kartik-kothari-to-executive-vice-president-positions\/\" class=\"exp-read-more exp-read-more-underlined\">Read More<\/a><\/div>\n","protected":false},"author":25,"featured_media":6499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[34],"tags":[69,53,52],"class_list":["post-6498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-69","tag-investor-relations","tag-recent-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Octane Appoints Jon Vestal and Kartik Kothari to Executive Vice President Positions | Octane<\/title>\n<meta name=\"description\" content=\"Octane announced that Jon Vestal and Kartik Kothari have been promoted to Executive Vice President Positions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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