Encore Capital Group Announces Jonathan C. Clark, Executive Vice President And Chief Financial Officer, Will Retire At The End Of March 2025; Tomas Hernanz, Will Succeed Clark As CFO Next April
Portfolio Pulse from Benzinga Newsdesk
Encore Capital Group (NASDAQ:ECPG) announced that Jonathan C. Clark, Executive Vice President and CFO, will retire at the end of March 2025. Tomas Hernanz, currently CFO of Cabot Credit Management, will succeed Clark next April. Hernanz has been with Encore since 2016 and has played a significant role in the company's financial strategies.
August 07, 2024 | 8:42 pm
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Encore Capital Group's CFO Jonathan C. Clark will retire in March 2025, and Tomas Hernanz will succeed him. Hernanz has been with the company since 2016 and has contributed significantly to its financial strategies.
The announcement of a CFO transition is significant but not immediate, as it will occur in 2025. Tomas Hernanz's extensive experience and prior contributions to the company suggest a smooth transition, likely resulting in a neutral short-term impact on the stock price.
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