Oxford Finance announced its Board of Managers has appointed Timothy A. Lex as President and Chief Executive Officer. J. Alden Philbrick, IV, who founded the company and has served as the Company’s Chief Executive Officer since inception, will assume the role of Executive Chairman and continue as Chairman of the board.

Lex has served as the Company’s Chief Operating Officer since 2007 and as a member of the board since 2016. Mr. Lex will continue to serve on the board alongside Mr. Philbrick.

“I am excited to step into the role of Executive Chairman and to continue to provide strategic guidance to Oxford’s management team. I have worked with Tim Lex for almost 20 years and look forward to Oxford’s growth and continued success under his leadership as chief executive officer,” said Mr. Philbrick.

Lex added, “I am delighted to be named Chief Executive Officer of Oxford Finance. I look forward to growing the Oxford platform, while maintaining the credit success the Company has enjoyed over the last two decades.”