Jenn Reid joins Wolters Kluwer

Wolters Kluwer Compliance Solutions has named Jennifer “Jenn” Reid its digital lending sales director to advance awareness of Wolters Kluwer end-to-end digital lending capabilities delivered through its eOriginal open platform to financial institutions in the auto, mortgage, consumer and commercial lending markets.

Reid has over two decades of diverse executive experience in the automotive industry within the dealer, lender and information services’ categories, having been a founding member of the teams that built Mazda Capital Services, a private label within J.P Morgan Chase, and Equifax Automotive Services. She has developed relationships with leading lenders, manufacturers, dealers, technology and data providers to further the use of innovative analytics and technology solutions to transform their businesses including as an advocate for industry partnerships to drive transformation. Most recently, Reid served as head of strategic partnerships at Market Scan Information Systems.

An active member with the American Financial Services Association, Consumer Banking Association, National Automobile Dealers Association, and National Independent Auto Dealers Association, Reid has won numerous industry awards for her contributions, including the 2021 “Automotive News Rising Star” and Auto Remarketing’s “Top Women in Automotive Retail” awards. She holds a bachelor’s degree in business administration in automotive marketing and management from Northwood University in Midland, Mich.

In addition, Shane Martin has joined Wolters Kluwer Compliance Solutions as digital mortgage sales director, responsible for the growth of the company’s end-to-end digital lending platform through promotion of such offerings as ClosingCenter, eAsset Management for Digital Mortgage, SmartSign, and eVault for Mortgage. Prior to joining Wolters Kluwer, he was senior vice president and general manager for E2open, where he was responsible for driving the growth of newly acquired business and solutions, growing relationships within current clients, digital marketing, and top of the funnel creation.

Martin has worked in the mortgage lending space since 1993 and held progressive sales positions in all areas of the mortgage arena. Over the past 10 years, he has focused entirely on helping clients solve problems through use of a SaaS-based model to achieve record company and client revenue growth.

BorgWarner has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of Hubei Surpass Sun Electric (SSE). The transaction has an enterprise value of up to RMB 410 million (approx. $59.36 million).

Headquartered in Xiangyang, Hubei province, China, SSE’s electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries. SSE says it has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites. SSE’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America, the companies say. SSE’s 2022 revenues for the electrification business are expected to be approximately RMB 180 million (approx. $26.06 million).