Regional Management Corp. Announces Departure of Chief Operating Officer John Schachtel
January 03 2024 - 4:30PM
Business Wire
Regional Management Corp. (NYSE: RM), a diversified consumer
finance company, today announced that Executive Vice President and
Chief Operating Officer John Schachtel is leaving Regional
Management. Rob Beck, President and Chief Executive Officer, and
other members of the executive team are expected to absorb Mr.
Schachtel’s responsibilities post-departure.
“On behalf of the entire Regional Management team, we want to
thank John for all of his valuable contributions to Regional
Management,” said Mr. Beck. “John played an important role over the
last six and a half years as we scaled our operations and markedly
grew our geographic footprint in order to serve our customers
across the nation. We wish John all the best in his future
endeavors.”
“It has been my distinct pleasure to work alongside the
incredible Regional team – from senior management to our team
members at the branches – and I will certainly miss everyone,” said
Mr. Schachtel. “I am confident that Regional will continue to grow
and prosper in the months and years to come.”
About Regional Management Corp.
Regional Management Corp. (NYSE: RM) is a diversified consumer
finance company that provides attractive, easy-to-understand
installment loan products primarily to customers with limited
access to consumer credit from banks, thrifts, credit card
companies, and other lenders. Regional Management operates under
the name “Regional Finance” online and in branch locations in 19
states across the United States. Most of its loan products are
secured, and each is structured on a fixed-rate, fixed-term basis
with fully amortizing equal monthly installment payments, repayable
at any time without penalty. Regional Management sources loans
through its multiple channel platform, which includes branches,
centrally managed direct mail campaigns, digital partners, and its
consumer website. For more information, please visit
www.RegionalManagement.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240103501994/en/
Investor Relations Garrett Edson, (203) 682-8331
investor.relations@regionalmanagement.com
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