The Credit Store said Friday that, at a recent meeting of its Board of Directors, the following title appointments were confirmed:
– Michael J. Philippe, Chief Financial Officer and Treasurer, was named an executive vice president of the Company.
– Richard S. Angel was named an executive vice president and General Counsel. He was formerly vice president and corporate counsel.
– Cynthia D. Hassoun, Corporate Secretary, was named a senior vice president. She was previously a vice president.
– Patrick Steffl was named a senior vice president. Mr. Steffl is in charge of Marketing and Portfolio Acquisition and was previously a vice president.
The Board of Directors also confirmed the following senior managers as new vice presidents of the Company:
– Deb Griese, Controller.
– Jean Gerritsen, Director of Operations
– Pat Lund, Director of Human Resources.
– Charles A. Schultz, Director of Finance .
Martin J. Burke III is The Credit Store’s Chairman and Chief Executive Officer and Kevin T. Riordan is President and Chief Operating Officer. Messrs. Burke and Riordan said, “The Credit Store’s Board of Directors wishes to express its gratitude in a significant and important way through these promotions. The success of our Company — and its rapid move to profitability from its start-up –are to due to the smart and dedicated work of each of these individuals.”
At the same meeting, the Board also confirmed William Buriak as a senior vice president and Chief Information Officer and Jonathan Pike as senior vice president of Operations. Messrs. Buriak and Pike have just joined The Credit Store’s senior management, as recently announced.
The Credit Store, Inc. is a nationwide financial services company engaged in the acquisition and recovery of non-performing consumer receivables and the origination and servicing of credit cards. The Company acquires portfolios of non-performing consumer receivables and originates new credit cards to those consumers who agree to pay all or a portion of the outstanding amount due on their debt. The new card is issued with an initial balance and credit line equal to the agreed repayment amount. After appropriate seasoning, The Credit Store attempts to sell or securitize the credit card receivables generated by its business strategy. The Credit Store began its current operations in Oct. 1996.Details