Encore Capital Group Appoints Bruce Thomas to New Investor Relations Role
SAN DIEGO, April 10, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, announced today the appointment of Bruce Thomas to the newly created role of vice president, Investor Relations. Encore's creation of this new position reflects the strong growth and diversification of its business and a continued commitment to effectively communicating the company's strategy and financial results.
In this role, Thomas will be responsible for developing and executing Encore's global investor relations program in collaboration with Paul Grinberg, the company's executive vice president and chief financial officer. Thomas will serve as a liaison and channel of communication between the company and Encore's investors, shareholders, analysts and other influencers in the investment community.
"Bruce's experience in establishing and growing investor relations programs will be instrumental as we expand our offerings to investors and other stakeholders," said Grinberg. "His international and M&A experience also aligns well with our corporate growth strategy."
Previously, Thomas served as vice president at IR Sense, a global investor relations consulting firm. Prior to IR Sense, he served as vice president, Investor Relations at Quiksilver, a global designer, distributor and retailer of apparel and footwear for the action sports industry, establishing and developing the company's internal investor relations function. He also spent 13 years at Conexant Systems, and its predecessor Rockwell Semiconductor Systems, where he held a variety of leadership roles including vice president, Investor Relations. Thomas earned his bachelor's degree in Computer Engineering from the University of Illinois at Champaign-Urbana. He is a member of the National Investor Relations Institute (NIRI).
"Encore is well-positioned for geographic growth and expansion into new asset classes, which makes this a particularly exciting time to join the team," said Thomas. "I'm thrilled to have the opportunity to build upon the great work that's been done here, and I look forward to expanding Encore's investor relations program as we strive to deliver even greater shareholder value."
About Encore Capital Group, Inc.
Encore Capital Group, an international specialty finance company with operations spanning seven countries, provides debt recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the Company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the Company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans and purchases delinquent tax liens directly from selected taxing authorities. Through its subsidiaries in the United Kingdom, Cabot Credit Management, Marlin Financial Services and Grove Capital Management, the Company is a market-leading acquirer and manager of consumer debt and Individual Voluntary Arrangements (IVAs) in the United Kingdom and Ireland. Through its Refinancia subsidiary, the Company services distressed consumer debt in Colombia and Peru. Encore's success and future growth are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioral science, the significant cost advantages provided by its highly efficient operating model and proven investment strategy, and the Company's demonstrated commitment to conducting business ethically and in ways that support its consumers' financial recovery.
Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500. More information about the Company can be found at www.encorecapital.com. More information about the Company's Cabot Credit Management subsidiary can be found at www.cabotcm.com.
Katie Lilley, Hillenby
Investor Relations Contact:
Bruce Thomas, Encore Capital Group
Information found on the Company's website and the website of its Cabot Credit Management subsidiary is not incorporated by reference.
SOURCE Encore Capital Group