Creditek, the Leading 3^rd- Party Financial Performance Management Provider, Appoints Key Executives to Drive Global Growth Initiatives

Parsippany, NJ, February 14, 2002 – The next decade is expected to see dramatically accelerated growth for Financial Performance Management Services and related consulting worldwide.  Richard Lander, Vice Chairman of Creditek, announced that he has appointed 3 key executives,  “This will be a multi-billion dollar market, and we are strengthening our executive team to capture an increasing share of that market.  I am very pleased that we have been able to attract three high caliber executives with extensive experience in Financial Performance Management to drive our global growth initiatives.” 

David R. Heilman, Senior Vice President, Strategic Account Management 

Dave is expanding and strengthening the strategic account management team.  He will also expand revenue cycle related consulting services and international business initiatives.   Dave said, “I joined Creditek because it is the leader in Revenue Cycle Management space.  Its 20-year history gives it the critical mass and expertise to provide customers a complete end-to-end solution for their Order-to-Cash needs.”  David is based in the Lombard, IL office. 

Dave spent the past 15 years at Arthur Andersen, Andersen Consulting and IBM.  Most recently, Dave was a Partner in Arthur Andersen’s Netherlands Practice where he oversaw their Oracle consulting practice across Europe, Middle East, India and Africa.  Prior to his European assignment, Dave was a member of Andersen Consulting Financial Services Industry Team working in the US and Mexico. 

John J. Schanck, Senior Vice President, National Sales 

John leads the sales to all market segments, including manufacturing, consumer goods, insurance, managed care, distribution, technology, business services, and healthcare.  He is directly responsibility for activities in the East and Central Regions, and the West on a matrix basis.  John said, “I see this as an opportunity to build a major, global Financial Performance Management company.  As corporations increasingly look to outside partners to improve working capital ,cash flow, and their bottom line Creditek is poised to capture even larger multiple year engagements, building on its record of industry leadership and excellence.”  John is based in Parsippany. 

John has over 20 years in sales and marketing in the risk management and financial supply chain industry.  He served as Senior Vice President for a $200 million business unit at Dun & Bradstreet focusing on global accounts, and several other $100 million plus businesses.  Most recently he was responsible for sales and marketing at SurferNetwork.com, an Internet media company.   

Ron Walker, Senior Vice President, Sales and Account Management, Western Region 

Based in California, Ron heads the combined functions of sales and account management for the Western Region.  “I am very excited to become part of the Creditek team.”  Ron continued, “The West Coast market has historically been a region of high growth for Creditek.  My focus is expanding services with the existing clients and establishing new partnerships with major west coast organizations.” 

Ron has held a number of key positions in various business process outsourcing markets.  At Arthur Andersen he led the San Diego based group to deliver finance and accounting processes, and held other key operating roles to build shared services capabilities and deliver supply chain management engagements.  He co-founded LeapSource, an outsourcer to deliver finance and accounting processes; and he served as an Executive Advisor to The First American Corporation initiative to consolidate shared services centers.  

About Creditek 

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