William C. Goings Appointed to Encore Capital Group Board of Directors

Rhea-AI Summary

Encore Capital Group (NASDAQ: ECPG) announced the appointment of William C. Goings to its Board of Directors, effective September 1, 2022. Goings, with extensive experience in the financial services sector, including banking and insurance, will serve on the Compensation and Nominating Committees. Previously, he held executive roles at TD Bank Group and Genworth Financial. His expertise in corporate banking and strategic planning is expected to enhance Encore's leadership. Chairman Michael P. Monaco and President Ashish Masih expressed confidence in Goings' ability to contribute positively to the company.

Positive

• William C. Goings brings extensive experience in financial services, enhancing Board expertise.
• His background in corporate banking and strategic planning may lead to improved business strategies.
• Goings' knowledge of the European market could provide valuable insights for Encore's growth.

Negative

• None.

SAN DIEGO, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, announced today that William C. Goings has been appointed to Encore's Board of Directors effective September 1, 2022. Mr. Goings will serve on Encore’s Compensation Committee and Nominating and Corporate Governance Committee.

Goings (64) has years of global executive leadership experience in financial services, including banking and insurance. Goings most recently served as executive vice president, TD Bank Group and president, TD Insurance. His experience also includes serving as president of Genworth Financial’s life insurance operations and as CEO of GE Financial Insurance, Europe, a former subsidiary of GE Capital. Goings' earlier career involved working for global companies in corporate banking, strategic planning and business development. Goings currently serves as a director of TrueBlue, Inc. (NYSE: TBI). He also serves as a director of AARP Service Inc. and as a member of the Board of Trustees for Penn Mutual Insurance Company.

"Bill brings years of experience serving as a senior executive and director for other multi-national organizations that support consumers in a variety of ways along the financial lifecycle," said Michael P. Monaco, Chairman of the Board. "His background and approach to critical business needs will complement our existing Board very well, and I'm looking forward to his contributions and partnership in this new role."

"I'm thrilled that Bill will be joining our Board," added Ashish Masih, President and CEO of Encore. "His leadership of critical business functions such as operations, corporate banking, strategic planning and business development, specifically for organizations that provide for consumers and their financial needs, makes him an excellent addition. Additionally, his direct and strong knowledge of the European market will prove to be very valuable for the Encore leadership team."

About Encore Capital Group, Inc.

Encore is an international specialty finance company that provides debt recovery solutions and other related services across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases or services portfolios of receivables from major banks, credit unions and utility providers.

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 Small Cap 600 and the Wilshire 4500.

Contact

Faryar Borhani, Senior Director, Corporate Communications
Press@EncoreCapital.com

FAQ

Who is William C. Goings and what is his experience relevant to Encore Capital Group?

William C. Goings is a newly appointed Board member at Encore Capital Group, effective September 1, 2022. He has extensive experience in financial services, having held executive positions at TD Bank Group and Genworth Financial, and brings expertise in corporate banking and strategic planning.

What committees will William C. Goings serve on at Encore Capital Group?

William C. Goings will serve on Encore's Compensation Committee and Nominating and Corporate Governance Committee.

What impact is expected from William C. Goings' appointment to Encore Capital Group?

Goings' appointment is expected to enhance Encore's strategic planning and corporate governance, as he brings valuable insights from his experience in banking and insurance, particularly with a European market perspective.