Santander Holdings USA, Inc. (“Santander US”) announced that David McClelland has been named Head of the Santander US Auto business, effective today. McClelland will be responsible for executing on the company’s Auto growth strategy, enhancing dealer and customer experiences, and managing manufacturer (OEM) relationships. In this capacity, he succeeds Bruce Jackson, who announced his retirement from the company.

McClelland was appointed last year to lead Santander’s global auto partnerships with OEMs, bringing over 20 years of auto finance industry experience to Santander. In addition to his primary role leading Santander’s US Auto business, he will also have responsibility for leading Santander’s Auto businesses in Canada and Mexico, and for continuing to advance strategic global OEM partnerships. McClelland will report to Santander US CEO and President Christiana Riley and Nitin Prabhu, Senior Executive Vice-President of Banco Santander (“Santander”) and Global Head of the Digital Consumer Bank.

Before joining Santander, McClelland was Vice President Strategy and Partnerships for Ford Motor Company. Prior to that, he served as CEO of Ford Motor Credit Company, where he led a global organization of more than 6,000 employees and managed a $146 billion balance sheet.

The United States remains a strategically and financially important market for Santander. Its operations in the United States are comprised of five growing, globally connected and profitable businesses, including retail banking and a top-10 auto lender by market share*. In late 2024, Santander launched a national, digital retail banking platform in the United States under the Openbank brand. Deposits from the platform are providing lower-cost funds to support auto lending and fuel profitable growth for the franchise.

*As of December 31, 2025, according to J.D. Power Market Share Report.