RVI Group announced executive appointments to support its redesigned organizational structure. Daniel Egan and Michael McGroarty have been promoted to Co-Chief Operating Officers. Douglas May is to remain as Chief Executive Officer.

Egan and McGroarty will report to May. All other senior leadership reports to Egan or McGroarty.

Egan has been with RVI since 1996, most recently as Executive Vice President and Chief Risk Officer. Egan will continue to lead RVI’s Risk Management team and will expand his oversight to include RVI’s Commercial Equipment business, and Finance / Accounting functions. Egan has a deep knowledge of Residual Value Insurance; for many years prior to being Chief Risk Officer he was responsible for running RVI’s Commercial Equipment business.

McGroarty has been with RVI since 2007, most recently as Executive Vice President, General Counsel and Secretary. He will continue to lead RVI’s Legal and Commercial Real Estate Departments, and expand his oversight to include RVI’s Passenger Vehicle business, Information Technology, Human Resources, and RVI’s subsidiary, Transition Services, Inc.  In addition to McGroarty’s legal experience, he also brings experience running operations as a Chief Operating Officer for one of his prior employers.

“During their long tenure with the company, Dan and Mike have each contributed significantly. Their unique skillsets have been invaluable to RVI and complement each other well for a dynamic partnership as Co-COOs. We are grateful for their leadership and commitment,” May said. “We have tremendous confidence in Dan and Mike’s leadership. They have the full support of the board and our employees to lead strategy and business operations to support growth and profitability into the future.”