Toyota Financial Moves 3 and Hires 1

Toyota Financial Services has shuffled three senior executives and hired a new one.

Dave Pelliccioni, senior vice president-sales and marketing, takes the new position of senior vice president and chief administrative officer.

Mike Groff, group vice president- operations and corporate planning, is now group vice president-sales, product and marketing.

Mike Wells, who returned to Toyota Financial last year after holding leadership roles with both the Toyota and Lexus divisions at Toyota Motor Sales USA, is promoted to the new role of group vice president-operations, commercial finance and international for Toyota Financial Savings Bank.

The new hire is Mark Sarago to the company's role of vice president and chief information officer. Sarago most recently served as CIO for Citi Residential Lending. Prior positions also include CIO for ACC Capitol Holding and Chief Technology Officer at Tavant Technologies.