%> Print this page

World Omni Financial Corp. Names New President

Deerfield Beach, Fla. — Colin Brown, president and CEO of diversified automotive company JM Family Enterprises, Inc., announced the promotion of Dan Chait to president of World Omni Financial Corp. A subsidiary of JM Family, World Omni is a leading provider of financial products and services to automotive dealers, consumers and lenders.

Chait joined World Omni in 2002 after holding senior-level positions at US Airways, AutoNation and UniCaptial Corporation. He most recently served as senior vice president of World Omni working closely with Frank Armstrong, who has announced his retirement as president of the company. 

Since Armstrong became president of World Omni in November 2008, the company experienced significant growth and achieved its best financial results. His desire to be closer to his longtime home in central Florida and continue recovering from recent back surgery were important factors in his decision to retire. Armstrong will serve as an advisor to Chait through the end of the year.

“Frank has been an integral part of our success since joining the company in 2001. We understand and support his decision to retire and are grateful for his service,” said Brown. “Dan’s appointment to president is a testament to his leadership and proven commitment to our company and our associates. With his extensive experience in the financial services industry and the collective efforts of our World Omni team, we are well positioned for continued growth.”

As president, Chait is responsible for the strategic and operational management of World Omni and its divisions, including Southeast Toyota Finance, which provides financial products to Toyota dealerships and consumers in the Southeast U.S.; CenterOne Financial Services, a provider of portfolio services designed to improve the performance of client portfolios; DataScan Technologies, a global provider of wholesale floorplan accounting and risk management systems; and DataScan Field Services , one of the largest floorplan inventory verification and vehicle inspection companies in the industry. Chait will also continue serving as a member of JM Family’s Executive Management Team. 

Chait earned his Master of Business Administration and bachelor’s degree in economics and political science from the University of Rochester. He resides in Palm Beach Gardens, Fla., with his wife and four children.

About World Omni Financial Corp.
World Omni Financial Corp., headquartered in Deerfield Beach, Fla., provides financial products and services to consumers, automotive dealers and lenders. The company is a subsidiary of JM Family Enterprises, Inc., a diversified automotive corporation ranked No. 27 on Forbes’ list of “America’s Largest Private Companies.” JM Family is also ranked No. 17 by FORTUNE® as one of the “100 Best Companies to Work For,” its 14th consecutive year on the list.