Executive Change: Financial Debt Recovery Announces Two Senior Appointments

Financial Debt Recovery Ltd. (FDR) announced Thursday the following senior management appointments:

Paul Abbott, MBA to the position of Executive Vice President. Paul will be responsible for all corporate development, marketing, client care, and sales initiatives. Paul has a successful background in corporate development, corporate strategy and client relationship management in Canada and the United States. Most recently he was the Vice President, Sales, Canada for an international accounts receivable management company. Paul can be reached at 905-771-6000 x 235. His email address is paul.abbott@fdr.on.ca.

Allen (Al) Weaver to the position of Vice President, Operations. Allen will be responsible for the company’s production operations in Richmond Hill and Montreal. Allen has a successful background in the ARM industry in both first party and third party management in Canada and the United States. He was most recently Vice President, Operations, for a US owned receivable management company. Alan can be reached at 905-771-6000 x 262. His email contact address is allenw@fdr.on.ca.

Nicolas Papeo, President and CEO said “We are delighted by these appointments as it strengthens FDR’s executive team and positions the Company for future growth.”

“I am very pleased to have the opportunity to lead the dynamic growth of FDR into the future. These senior management appointments reflect a commitment to our valued clients and our personnel to strengthen FDR’s management team and expand our service offerings to ensure a continued leadership role in the Canadian ARM marketplace,” said Paul Abbott.

A privately held Canadian corporation based in Richmond Hill, Ontario, Financial Debt Recovery was founded in 1992 by Nicholas Papeo. The company has grown progressively over the years and is a leader in the ARM industry in Canada with offices in Richmond Hill and Montreal.