Executive Change: Encore Capital Appoints New Global Operations Vice President

Encore Capital Group, Inc. (Nasdaq: ECPG), a leader in distressed consumer debt buying and recovery, today announced the hiring of Shailendra Kumar as Vice President, Global Operations.

Kumar brings over 10 years of leadership experience in managing operations, outsourcing and offshoring programs at Hewlett Packard, Sony Electronics and GMAC Financial Services (now Ally Financial). At HP, his accomplishments included starting and managing HP’s captive offshore center in Bangalore, India with 650 employees and over 1,200 vendor employees in five countries. During his career at GMAC Financial Services, Kumar managed a pool of onshore, offshore and nearshore suppliers with over 5,000 employees.

At Encore Capital, he will be responsible for managing call center collections, directing the availability and scalability of Encore’s collection databases and expanding the company’s footprint through strategic global services initiatives.

“Shailendra is a seasoned executive and we’re enthusiastic that he is now part of our global services team,” said Brandon Black, Encore Capital’s Chief Executive Officer. “Encore will benefit from his wealth of experience in leading large-scale business operations and his industry expertise reinforces the company’s commitment to working with financially distressed consumers as they regain their economic footing.”

Encore Capital Group is a leader in consumer debt buying and recovery. The company purchases portfolios of defaulted consumer receivables from major banks, credit unions, and utility providers and partners with individuals as they repay their obligations and work toward financial recovery. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of both the Russell 2000 and Wilshire 4500.