Executive Change: Van Ru Promotes Stephane Lavigne to EVP and COO

Des Plaines, Ill. – Van Ru Credit Corporation (“Van Ru”), a leading accounts receivable management company, operating in four locations in the United States and a Near Shore facility in San Jose, Costa Rica, today announced the promotion of Stephane Lavigne to Executive Vice President and COO. In his new role Mr. Lavigne will have complete oversight of operations, sales, information technology and support functions. Mr. Lavigne has served as Van Ru’s Vice President of Operations since January 2010.

In eleven short months at Van Ru, Mr. Lavigne has dramatically improved processes and performance, particularly in the student loan and financial services sectors, created a culture of empowerment and accountability, reemphasized the training and mentoring of Van Ru staff and implemented a centralized strategy and compliance program.

“With Steph’s proven track record in ARM operations, combined with his innate leadership qualities and sales expertise, he is perfectly suited to help lead Van Ru into the future,” said Albert G. Rubin, Van Ru’s Chairman of the Board and CEO. “I am excited for this promotion and extremely optimistic about our future.”

About Van Ru
Van Ru is one of the nation’s largest independent receivables management companies, employing nearly 700 debt collection professionals across its nationwide network. Van Ru has earned the confidence of its diverse clientele by delivering superior service and integrity since the company’s inception in 1953. Van Ru provides innovative collection and business process outsourcing solutions to clients in the financial services, government, educational, energy, telecommunications and healthcare industries. For more information please visit www.vanru.com or contact Jenny Saboya, Director of Marketing, at JSaboya@vanru.com.