GPB adds deputy CFO

Under a unique management structure, the mid-market private equity firm appointed Scott Naugle as CFO for a specific investment sector.

GPB Capital Holdings brought on Scott Naugle as chief financial officer of the firm’s automotive retail group. Naugle is working under Steve Frangioni, the firm-wide CFO.

In his new role, Naugle is responsible for the financial oversight of the fund's dealership investments, including financial reporting, acquisition due diligence, treasury, risk management, procurement, internal audit and profit optimization, according to the New York-based mid-market firm’s website.

Naugle brings more than 20 years of accounting and corporate finance experience to GPB.  Prior to joining the firm, he served as director of corporate finance and accounting at DCH Automotive Group. Naugle also spent 20 years at Holman Automotive Group, where he served as chief financial officer and treasurer.

GPB has three sector-specific divisions including automotive management, information technology and life sciences. The automotive team is the only GPB group with its own CFO.

“Scott is a results-oriented leader with a long track record of improving automotive company performance through strong finance management,” said founder and CEO of GPB David Gentile in a statement. “As growth outlook for the auto dealer industry remains strong, Scott adds a tremendous amount of expertise to GPB's rapidly growing automotive retail group.” 

GPB did not return a request for immediate comment.