February 26, 2008: Nicholas Financial,
Inc. (Nasdaq, NICK) today announced that Tim Schneider has joined the
company as Vice President of Regional Operations. Mr. Schneider most
recently worked for United Auto Credit Corp, as Senior Vice President of
Operations over all branch office locations east of the Mississippi,
managing more than $400,000,000 in retail sub-prime auto loan contracts.
Tim was responsible for all operational aspects of the branch network
with regards to performance, profitability and long term planning.
During his seven years with United Auto, Mr. Schneider rose through the
ranks from Branch Manager, to Regional Manager, Divisional Vice
President, and finally Senior Vice President. Prior to United Auto, Tim
spent seven years with GMAC Financial Services where he ascended from
trainee to Operations Manager of the Commercial Lending Department
within General Motors Acceptance Corp.
According to Peter Vosotas, President &
CEO, “We tried to recruit Tim Schneider throughout the past year. We
recognize this man’s talents and we believe that Tim, with his proven
track record in all phases of our business, will be a valuable member of
our senior management team as we expand our company in the months and
years to come.”
Tim received a BS in Business
Administration/Business management from the University of South
Carolina and an MBA from Nova Southeastern University. Tim reports
to Douglas Marohn, Senior Vice President of Field Operations.
Founded in 1985, with assets of
$184,847,000, Nicholas Financial, Inc. is one of the largest
publicly traded specialty consumer finance companies based in the
Southeast. The Company presently operates out of 48 branch locations
in both the Southeast and the Mid-West States. The Company has
approximately 10,055,000 shares of common stock outstanding. For an
index of Nicholas Financial Inc.’s news releases or to obtain a
specific release, visit our web site at www.nicholasfinancial.com
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