Key Developments For Encore Capital Group, Inc.
Encore Capital Group, Inc. (ECPG.O) (Nasdaq)
Encore Capital Group, Inc. Appoints George Lund As Executive Chairman-Form 8-K
Encore Capital Group, Inc. reported in its Form 8-K that on July 10, 2009, the Board of Directors appointed director George Lund as Executive Chairman and an officer, effective that date
Encore Capital Group, Inc. Names George Lund As Executive Chairman
Encore Capital Group, Inc. announced that the Company's Board of Directors has named George Lund, its current Chairman, to the expanded role of Executive Chairman, effective July 6, 2009.
Encore Capital Group, Inc. Elects George Lund As New Chairman
Encore Capital Group, Inc. announced the appointment of George Lund, a current member of the Board and its Audit Committee, to the Chairmanship of the Board.
Encore Capital Group, Inc. Announces Restructuring
Encore Capital Group, Inc. announced that it will reduce headcount by approximately 115 people: 70 at its call center in Phoenix, Arizona, 30 at its bankruptcy servicing center in Arlington, Texas, and 15 at its corporate headquarters in San Diego, California. The Company does not expect any negative impact on its gross collections, as it will shift certain collection activities to its other call centers in San Diego, St. Cloud and India. The Company also expects to utilize its external third-party collection agencies where it can achieve lower costs per dollar collected. In addition, the Company completed its process re-engineering efforts within its bankruptcy servicing subsidiary and is now able to handle its current volumes with fewer people.
Encore Capital Group, Inc. Appoints New Chairman
Encore Capital Group, Inc. announced the appointment of Carl C. Gregory, III as Chairman of the Board. Mr. Gregory replaces Richard A. Mandell, who served as the Chairman of the Board. Mr. Mandell will remain a director.
