Santander Appoints New Head of Auto Business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2026
0mins
Should l Buy SAN?
Source: Businesswire
- New Leadership: Santander US has appointed David McClelland as the Head of Auto Business, responsible for executing the company's auto growth strategy and enhancing dealer and customer experiences, succeeding the retiring Bruce Jackson.
- Extensive Experience: McClelland brings over 20 years of auto finance industry experience, having served as Vice President of Strategy and Partnerships at Ford and CEO of Ford Credit, managing a $146 billion balance sheet.
- Global Strategy: In addition to leading the US Auto business, McClelland will oversee auto operations in Canada and Mexico while advancing global OEM partnerships, further strengthening Santander's market position.
- Market Significance: The US remains a critical market for Santander, with operations including retail banking and a top-10 auto lender by market share, expected to leverage the Openbank digital retail banking platform to support low-cost auto lending.
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Analyst Views on SAN
Wall Street analysts forecast SAN stock price to fall
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 11.570
Low
4.90
Averages
7.40
High
9.91
Current: 11.570
Low
4.90
Averages
7.40
High
9.91
About SAN
Banco Santander SA is a Spain-based company primarily engaged in retail and commercial banking. The Company operates through a model focused on personal and business banking, with significant operations in Europe, Latin America, and the United States. Its strategy emphasizes sustainable growth supported by customer centric operations, digital transformation, capital discipline, and a risk management framework. The Company leads an international network of subsidiaries offering the following services: retail banking, commercial banking, corporate and investment banking, wealth management, insurance, digital payments, capital markets services, advisory, risk‑management solutions, and structured finance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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