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Regional Management Corp names CEO.

Global Banking News-June 15, 2016--Regional Management Corp names CEO

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Global Banking News - 15 June 2016

Regional Management Corp. (NYSE: RM), a diversified specialty consumer finance company, has said that its board of directors has appointed Peter R. Knitzer as chief executive officer, effective August 1, 2016.

As part of Regional's executive succession plan, also effective August 1, 2016, current CEO, Michael R. Dunn, will become executive chairman of the board of directors, and current chairman, Alvaro G. de Molina, will become lead independent director. Dunn will remain with Regional as its executive chairman on a full-time basis until the end of 2016, following which de Molina will return to the role of chairman while Dunn remains on the board of directors, it said.

With over 28 years of experience in consumer financial services, Knitzer has been a director of Regional since July 2015, and has been an advisor to financial services companies since 2013. Previously, Knitzer served as executive vice president and head of the Payments group at CIBC (CIBC) (NYSE: CM) (TSX: CM) and president and director at ETrade Bank.

Prior to joining ETrade, Knitzer spent 14 years at Citigroup (NYSE: C) in various senior roles, including chairman and chief executive officer of Citibank North America, Business head -Cross-Sell Customer Management for all Citigroup businesses, and EVP/managing director of Citi Cards, Citigroup's global credit card business. Knitzer has also previously held senior marketing positions at Chase Manhattan Bank, American Express (NYSE: AXP), and Nabisco Brands.

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Publication:Global Banking News (GBN)
Date:Jun 15, 2016
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