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Maureen Landers
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maureen.landers@landersmadden.com
CREDITEK EXPANDS SENIOR MANAGEMENT
David Wendell Joins as Executive Vice President
of Operations and Alan Weston as Senior Vice President of Human
Resources
Parsippany, NJ – October 9, 2002 - Creditek
LLC, a leading provider of finance and accounting business process
outsourcing, today announced the appointment of two senior staff
members. David Wendell has joined the firm as Executive Vice President
of Operations and Alan Weston as Senior Vice President of Human
Resources.
Mr. Wendell, previously COO of Iron Mountain, joins Creditek from
BirdDog Solutions where he was President and CEO of this venture-backed
firm providing shipping audit services on a contingency basis. “During
David’s tenure, Iron Mountain went public and grew from $100M
in revenues to the dominant, worldwide leader in records and information
management with nearly $1B in revenues,” commented Corey V.
Torrence, Creditek President and CEO. “We look to him to provide
similar value to Creditek and its clients in achieving extraordinary
results while scaling our business to the needs of our customers.”
Mr. Wendell earned a law degree from University of Virginia and
an MBA from Harvard.
“The move to Creditek gives me the opportunity to materially
impact both the bottom line and cash flow of Creditek’s clients,”
said Mr. Wendell. “My highest priority will be to ensure that
our clients achieve best of breed status in their financial processes.
I am excited to be a part of the Creditek team.”
Alan Weston comes to Creditek from Adero, Inc., a leader in global
content and e-commerce distribution services where he was Vice President,
Human Resources. “Alan has demonstrated abilities in building
effective people programs,” said Corey Torrence. “He
has the experience to further accelerate our organizational learning
and associate selection programs that will increase the distance
between Creditek and its competitors.”
Mr. Weston is an influential leader in the human resources profession
and has held senior management positions with a number of organizations
including Atex Media Solutions, a producer of pre-press software
and content management applications, and as founder of Read &
Crawford, a retained executive search company specializing in the
high technology sector. Mr. Weston holds an MBA from Northeastern
University.
About Creditek, LLC
Founded in 1982, Creditek is one of the world's largest revenue
cycle outsourcing firms. With $10 billion dollars in receivables
of Fortune 1000 clients' under management, Creditek supports non-core
order-to-cash financial functions such as, cash management, deduction/dispute
resolution and accounts receivable. Unlike traditional revenue cycle
outsourcing companies, Creditek works with organizations to map
key business performance indicators such as cash flow, revenue,
margins and backlog against financial revenue processes to optimize
corporate value-creation opportunities.
In 1999, Creditek received an investment from Parthenon Capital.
This was followed by a subsequent investment from General Atlantic
Partners in 2001. Creditek has experts in each aspect of finance
and accounting processes, as well as specific knowledge of seven
important industry sectors: Media and Entertainment, Technology
and Communication, Energy, Consumer Package Goods, Retail and Transportation,
Financial Services, Manufacturing, and Healthcare. For more information,
visit www.creditek.com
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