EDMONTON, March 20, 2013 /CNW/ - Carfinco Financial Group Inc.
("Carfinco" or the "Company") announces that Ms. Jacqueline Anderson
has been appointed Vice President, Account Acquisition, Ms. Tricia
Frost has been appointed Vice President, Account Management and that
Mr. Galen Gower has been appointed Vice President, Business
Development. These positions are held in Carfinco Inc., a wholly owned
subsidiary of Carfinco Financial Group Inc., and the appointments will
be effective April 1, 2013. Mr. Rick Hewson will resign as Senior Vice
President, Operations when the new positions are assumed. Mr. Hewson
managed operations in both account acquisitions and business
development and he will remain actively involved during the transition
Ms. Anderson and Ms. Frost have both been employed at Carfinco for 13
years and have served as Co-Vice President's, Account Management for
the past 5 years, during which responsibilities have been shared. Mr.
Galen Gower has been employed at Carfinco as Regional Manager, Atlantic
Canada for the past 7 years and will be relocating to the Edmonton head
office to take on the new role. Prior to that, Mr. Gower gained
experience in the consumer finance and automotive dealer industries.
Troy Graf, Chief Operating Officer commented, "Both Jackie and Tricia
have been instrumental in the development and growth of Carfinco over
the years and we look forward to seeing them excel with their new
responsibilities. Galen will bring a strong skill set to his role,
coupled with a broad knowledge of the automotive industry."
Tracy Graf, Chief Executive Officer commented, "On behalf of the Board,
I wish to express our deepest gratitude to Rick for his dedication over
the years. Rick is a founder of Carfinco and has used his passion and
knowledge over the past 16 years to assist in building the company's
foundations. He will be leaving the company after helping to achieve
record loan originations in 2012 and to accumulate a finance receivable
portfolio of over $200 million."
About Carfinco Financial Group Inc.
Carfinco focuses on providing consumer vehicle loans to borrowers unable
to obtain financing through traditional lending sources. A network of
select independent and franchise dealerships offer Carfinco's payment
plan to their customers who must, along with the vehicle, meet
Carfinco's underwriting guidelines. The shares of the company trade on
The Toronto Stock Exchange under the symbol "CFN".
Caution Regarding Forward-Looking Statements - This news release
contains certain forward-looking statements, including statements
regarding the business and anticipated financial performance of the
company. These statements are subject to a number of risks and
uncertainties. Actual results may differ materially from results
contemplated by the forward-looking statements. When relying on
forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties
and should not place undue reliance on such forward-looking statements.
SOURCE: Carfinco Financial Group Inc.
For further information:
Mr. Tracy A. Graf
CEO & Director of Carfinco Financial Group Inc.
Web site: www.carfinco.com
The Howard Group Inc.
Web site: www.howardgroupinc.com