Exhibit 99.1
Regional Management Corp. Announces Appointment of Robert W. Beck
as New Chief Financial Officer
Greenville, South Carolina – July 16, 2019–Regional Management Corp. (NYSE: RM), a diversified consumer finance company, today announced that it has appointed Robert (“Rob”) W. Beck as its new Executive Vice President and Chief Financial Officer, effective July 22, 2019. His predecessor, Don Thomas, will remain with Regional to assist with a smooth and orderly transition before officially retiring from the Company on August 31, 2019.
Mr. Beck brings to Regional 30 years of financial services experience and a broad range of skills, including financial planning and analysis, treasury and capital management, retail branch distribution, mergers and acquisitions, and business strategy. Most recently, he was Executive Vice President and Chief Operating Officer of the Leukemia and Lymphoma Society. Prior to that, he was Chief Operating Officer of Citibank’s US Retail Bank, after previously serving as Chief Financial Officer of Citibank’s US Consumer and Commercial Bank. Mr. Beck received his BS in Business Administration and Management from Washington University in St. Louis, and his MBA in Finance and International Business from New York University’s Stern School of Business.
“We’re excited to welcome Rob to the Regional Management team as our new CFO,” said Peter R. Knitzer, President and Chief Executive Officer of Regional Management. “Rob’s extensive experience in consumer financial services, as well as his consistent success in his various roles while at Citi, makes him a perfect fit for Regional. We expect that Rob will play an integral role in furthering our profitable growth strategy while ensuring that our balance sheet remains well-positioned to fund that growth. In addition, I want to once again express our deepest gratitude to Don Thomas for all of his contributions to Regional and wish him congratulations on a well-deserved retirement.”
“I am thrilled to join the Regional Management team and to be working closely with such a deep, experienced group of professionals,” said Mr. Beck. “Regional has seen strongtop- and bottom-line growth over the past few years even while significantly transforming its infrastructure, and I look forward to helping continue our growth in the years ahead while maintaining a strong and diversified balance sheet.”
Forward-Looking Statements
This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Regional Management Corp.’s expectations or beliefs concerning future events. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook,” and similar expressions may be used to identify these forward-looking statements. 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
