"We are pleased to welcome both David and Richard to the Loopit team, and excited about the wealth of knowledge and experience they bring," said Loopit co-founder and managing director Michael Higgins.
"They have joined the company at a significant period, as we embark on a new chapter of growth for the company. David and Richard's experience in driving the expansion of highly reputable brands and technology, will contribute to the continued growth not only of our business, but the car subscription model more broadly."
McClatchey joins LoopIt from Employment Hero, where he worked as a sales executive.
He previously held sales and business development positions at Earlytrade, Ansarada and Pepper Financial Services after starting his career as an accountant at ESV.
McClatchey holds a bachelor's degree in kinesiology and exercise science form the Australian Catholic University and an MBA from UTS. He also holds qualifications in finance and mortgage broking management, and credit management.
"There is an evident need for subscription in the automotive market, which provides huge scope for expansion and makes me incredibly excited for the future of this business," he said.
"I look forward to working with the strong team we have in place to continue growing the local and global car subscription market."
Sands brings to Loopit more than 15 years of experience in building and scaling technology-driven companies, as well as automotive industry knowledge.
He joins Loopit from Lyka Pet Food where he was head of engineering.
Sands previously worked as CTO at Archistar.ai, head of engineering at CarsGuide, and senior software engineer at The Navigators. He also spent more than a decade at Pixa Prints, culminating in the role of engineering manager.
He is a certified Scrum master and a Microsoft certified professional.