Regional Management Corp. Announces Addition of Senior Director of Human Resources Bill Stubbs to Executive Team
GREENVILLE, S.C.--(BUSINESS WIRE)-- Regional Management Corp. (RM), a diversified specialty consumer finance company, announced today the addition of Bill Stubbs to its executive team as Senior Director of Human Resources. In this key senior management role, he will be responsible for the overall leadership of the Human Resources function for Regional Management, including employee relations, management development, staffing, training, compensation, benefits, diversity and all HR generalist responsibilities. He will report directly to Chief Executive Officer Thomas Fortin.
Regional Management has more than 800 employees nationwide and we are rapidly growing our workforce each month, said Mr. Fortin. With this addition to our executive team, Regional Management is investing in our Human Resources function to support our future growth and further deepen the strength of our branches. Bill brings 30 years of successful HR experience to Regional Management and I believe he is the right person to lead Regional Management in our Human Resources matters.
People affect outcomes, added Mr. Stubbs. How employees are managed makes a difference in financial performance. Building the processes and culture that successfully attracts, identifies, trains, develops and retains employees is crucial to the success and growth of a company. I'm very proud to be joining the dynamic and growing Regional Management team.
Mr. Stubbs has an extensive background in Human Resources spanning 30 years, most recently as Senior Director of HR for BI-LO Supermarkets, a $3 billion chain with 206 locations and approximately 17,000 employees in 4 states, where he has worked since 1991. There, he founded the BI-LO School of Business which has twice won recognition from the Food Marketing Institute as a world-class development program that contributes to the bottom line. Additionally, he created and implemented numerous development and leadership programs and processes, which helped lead to reduced training expenses and improved customer satisfaction scores. Prior to his tenure at BI-LO, Mr. Stubbs successfully held a wide range of HR jobs for companies including Red Food Stores in Tennessee, Scrivner Wholesale in Oklahoma City, and K&B Drugs of New Orleans.
Mr. Stubbs has held the distinction of a Senior Professional of Human Resources (SPHR) from the Society of Human Resources Management since 2001 and earned his Masters Degree in Human Resources from Baylor University. In addition, he is an adjunct professor at both Clemson and Furman Universities, instructing in HR, Organizational Behavior and Management.
About Regional Management Corp.
Regional Management Corp. is a diversified specialty consumer finance company providing a broad array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Regional Management began operations in 1987 with four branches in South Carolina and has expanded its branch network to 194 locations with over 164,000 active accounts across South Carolina, Texas, North Carolina, Tennessee, Alabama and Oklahoma as of March 31, 2012. Each of its loan products is secured, structured on a fixed rate, fixed term basis with fully amortizing equal monthly installment payments and is repayable at any time without penalty. Regional Managements loans are sourced through its multiple channel platform, including in its branches, through direct mail campaigns, independent and franchise automobile dealerships, online credit application networks, furniture and appliance retailers and its consumer website. For more information, please visit http://www.RegionalManagement.com.
This press release may contain various forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended, which represent Regional Managements expectations or beliefs concerning future events. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties, many of which are outside of the control of Regional Management. Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, the following: the continuation or worsening of adverse conditions in the global and domestic credit markets and uncertainties regarding, or the impact of governmental responses to those conditions; changes in interest rates; risks related to acquisitions and new branches; risks inherent in making loans, including repayment risks and value of collateral, which risks may increase in light of adverse or recessionary economic conditions; recently-enacted or proposed legislation; the timing and amount of revenues that may be recognized by Regional Management; changes in current revenue and expense trends (including trends affecting delinquencies and charge-offs); changes in Regional Managements markets and general changes in the economy (particularly in the markets served by Regional Management). Such factors are discussed in greater detail in Regional Managements filings with the Securities and Exchange Commission. Regional Management Corp. will not and is not responsible for updating the information contained in this press release beyond the publication date, or for changes made to this document by wire services or Internet services.
Garrett Edson, 203-682-8331
Kim Paone, 646-277-1216
Source: Regional Management Corp.Copyright Business Wire 2012