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Auto Industry Veteran Christopher Taravella Joins Oxlo Board of Directors


August 2006
 Filed under: DAIMLERCHRYSLER CORPORATE Car News | DAIMLERCHRYSLER CORPORATE Headlines

Former VP and General Counsel for DaimlerChrysler Financial Services North America Brings Valuable Industry Expertise to Dealer Integration Network Company

BROOMFIELD, Colo., Aug. 17 /PRNewswire/ -- Oxlo Systems Inc., the operator of the leading automotive retail integration network, announces the appointment of Christopher A. Taravella to its Board of Directors effective immediately. Taravella brings to Oxlo a wealth of expertise in process management for automotive financing gained during his tenure with DaimlerChrysler Financial Services North America.
"This is an exciting day for Oxlo as we welcome the knowledge and guidance of Chris Taravella to our Board of Directors," said Jim Lejeal, CEO and co-founder, Oxlo Systems. "Chris' expertise, insight and experience will materially add to our team's ability to achieve our primary strategic objective: drive retail agility in the automotive market by connecting dealerships' software systems to their partners."

Taravella is currently a partner with Montgomery Little Soran Murray and Kuhn, PC, a Colorado-based law firm specializing in civil litigation; commercial and construction law; real estate; and tax and estate-planning matters.

He previously served as vice president and general counsel for DaimlerChrysler Financial Services North America. In this role, Taravella was responsible for the legal, audit, and process management activities of the $95 billion receivables captive finance unit. Taravella also was a board member of RouteOne, a joint venture established by DaimlerChrysler Financial Services, Ford Motor Credit Company, General Motors Acceptance Corporation, and Toyota Financial Services. After 21 years of service in a variety of positions, Taravella retired from DaimlerChrysler Financial Services North America in 2006. He also served as a judge advocate (JAG) in the United States Air Force, twelve years active and nine as a reserve.

"Oxlo's dealer integration solution addresses real needs impacting the automotive retail industry today," said Taravella. "Oxlo is creating an open network for the seamless sharing and transmission of data between the systems in use at dealerships, automakers, lenders, and other business partners," added Taravella.

Taravella holds a bachelor's degree in engineering mechanics from the United States Air Force Academy, a law degree from the University of Colorado, and is a graduate of the Harvard Business School Advanced Management Program/International Senior Management Program.

Taravella is a director of the American Financial Services Association (AFSA) and has been a member of the Conference on Consumer Finance Law, Governing Committee, since 1997.

About Oxlo Systems

Oxlo Systems Inc., based in Broomfield, Colorado is the operator of the leading automotive retail integration network. Oxlo's network streamlines the shared business processes associated with selling, servicing, and financing vehicles by integrating the software applications of dealers and automakers, as well as other dealer partners such as lenders. The Oxlo solution enables tighter collaboration between business partners resulting in superior retail performance. Oxlo's growing network currently includes 5 automakers, 21 dealer system providers representing almost 5,000 dealerships, and a financial network with over 100 lenders. Oxlo Systems is a privately held corporation and has received institutional financing from Mobius Venture Capital and Appian Ventures. For more information, please visit http://www.oxlo.com/ . For perspective on emerging trends and issues affecting the market, visit Oxlo Observer at http://oxlo-observer.typepad.com/ .

Source: Oxlo Systems Inc.

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