Appoints Michael S. Dymski as Interim Chief Financial Officer –
GREENVILLE, SC – Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced that it has promoted Robert W. Beck, the company’s EVP and Chief Financial Officer, to be its new President and Chief Executive Officer. Regional has also appointed Mr. Beck to the company’s Board of Directors. Mr. Beck succeeds Peter R. Knitzer, effective immediately.
Additionally, Michael S. Dymski, the company’s VP and Chief Accounting Officer, has been named interim Chief Financial Officer, effective immediately. The company intends to engage an executive search firm to commence a search for a permanent CFO, and will consider both internal and external candidates.
“Regional is in an extremely strong operational and financial position,” said Carlos Palomares, Chair of the Board of Directors of Regional Management Corp. “As we undertook our normal review of our long-term growth and digital initiatives, we determined that Rob is ideally suited to lead Regional moving forward as we scale our business and focus on further expanding our market share. With Rob’s extensive financial and operational experience, his record of success at Citi, and a wonderful team at Regional behind him, we are confident that he will skillfully execute on our long-term strategy and create significant value for our shareholders.
“At the same time, I also want to thank Peter for his valuable contributions,” added Mr. Palomares. “Under his leadership, we enhanced our infrastructure, significantly upgraded our credit and centralized collections functions, and consistently achieved double-digit top line and receivable growth, which culminated in our crossing the $1 billion milestone for finance receivables last year. We wish him all the best in his future endeavors.”
Mr. Beck has over 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 product and business strategy. Prior to joining Regional as Chief Financial Officer in July 2019, he was Executive Vice President and Chief Operating Officer of the Leukemia and Lymphoma Society. Before 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.
Mr. Dymski has over 25 years of financial services experience and is skilled in business strategy, financial planning and analysis, SEC and GAAP reporting, and mergers and acquisitions. Prior to his promotion to interim CFO, Mr. Dymski served as the company’s Chief Accounting Officer and Corporate Controller since 2013. From 2011 through 2013, he was the Director of Finance, South USA with TD Bank. From 2000 through 2010, Mr. Dymski was employed by The South Financial Group in varying roles, including Vice President and Controller of Finance and Accounting and Senior Vice President of Finance. Mr. Dymski, who earned a Bachelor of Business Administration degree from the University of Georgia, is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
– BUSINESS WIRE
About Regional Management Corp.
Regional Management Corp. (NYSE:RM) is a diversified consumer finance company that provides attractive, easy-to-understand installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Regional Management operates under the name “Regional Finance” in 366 branch locations across 11 states in the Southeastern, Southwestern, Mid-Atlantic, and Midwestern United States. Most of its loan products are secured, and each is structured on a fixed rate, fixed term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. Regional Management sources loans through its multiple channel platform, which includes branches, centrally-managed direct mail campaigns, digital partners, retailers, and its consumer website. For more information, please visit www.RegionalManagement.com.