Tricolor welcomes Kathryn Petralia and Tony Garza to its Board of Directors

– USA, TX –  Tricolor Auto Group, a tech-enabled Community Development Financial Institution, and the nation’s largest used-vehicle retailer and lender for the Hispanic consumer, today announced the appointment of Kathryn Petralia and Antonio Garza to its Board of Directors.

Petralia is a serial entrepreneur with over 25 years of experience building successful technology companies in financial services, while former U.S. Ambassador Antonio Garza draws on decades of high profile political, legal, and business experience.

“I am pleased to extend a warm welcome to Kathryn and Tony as the newest members of our Board of Directors,” said Founder and CEO, Daniel Chu. “As both pioneers and professionals, each brings enormous relevant and aligned experiences to our purpose-driven strategy to empower underserved consumers striving to achieve the American Dream. Their contributions will be critical to guiding our next phase of aggressive national expansion.”

About Kathryn Petralia

Kathryn Petralia is the Co-Founder and President of Kabbage, an American Express Company, where she helped pioneer the use of real-time data and automation to democratize access to financial services for historically marginalized, underbanked, and credit-deficient small businesses. Under Petralia’s leadership, Kabbage became the nation’s largest online lending platform for small businesses, helping over 500,000 customers access more than $16 billion to-date. Before co-founding Kabbage in 2008, Kathryn spent 15 years focused on digital credit, payments, and e-commerce. She was named on Forbes’ 2018 list of the World’s Most Powerful Women and currently serves on the boards of CARE USA, Fannie Mae Digital Advisory Council, The Woodruff Arts Center, Padsplit, and the Atlanta Chamber Music Festival. She also co-authored the 2019 Geneva Report on World Economics.

About Antonio Garza

Antonio Garza currently acts as Counsel to the Mexico City office of White & Case, one of the world’s leading global law firms. Garza previously served as U.S. Ambassador to Mexico (2002-2009), was elected statewide to the Texas Railroad Commission in 1998 and served as the Chairman of that body through 2002 and was appointed Texas’ 99th Secretary of State and Senior Policy Advisor to then Governor George W. Bush and served from 1994-1997. The Ambassador has been honored with the “Aguila Azteca” or Aztec Eagle, the Mexican government’s highest award given to a foreign national, was recently inducted into the McCombs School Business Hall of Fame at the University of Texas, and has been named a Distinguished Alum at both the University of Texas at Austin and Southern Methodist University. Garza holds a B.B.A. from the University of Texas, a J.D. from Southern Methodist University, Dallas, Tx. and is a Member of the State Bar of Texas, the District of Columbia Bar, and admitted to practice before the US Supreme Court. Garza currently serves as a director to Kansas City Southern (NYSE: KSU), MoneyGram (NYSE: MGI), and is a Trustee to Southern Methodist University. Mr. Garza formerly served on the board of BBVA Compass.

About Tricolor

Tricolor is a Community Development Financial Institution and a mission-driven company that sells and finances high quality, certified used motor vehicles through its premium brands, Tricolor Auto Group in Texas and Ganas Auto Group in California, utilizing advanced data analytics and technology to advance financial inclusion to a highly underserved market and offer responsible, affordable, credit-building auto loans to individuals with no or limited credit history.

Tricolor is a pioneer in the application of AI and other advanced technologies to drive its integrated used vehicle sales and lending platform. The company leverages advanced data analytics and AI to deliver high quality used vehicles at affordable loan rates for low income, credit invisible Hispanics.

Headquartered in Dallas, Texas, Tricolor and its affiliate Ganas Auto Group operate over 40 retail dealerships across 14 markets in Texas, California, and Nevada with a shared services center in Guadalajara, Mexico. On a combined basis, Tricolor and Ganas have served over 70,000 customers and disbursed over $1 billion in affordable auto loans by using their proprietary model to segment risk.

For more information: https://www.tricolor.com/

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.

Talent4Boards Team