Executive Change: Kim Patmore Joins SquareTwo Financial's Board of Directors

DENVER – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announced that Kim Patmore, former chief financial officer and executive vice president of First Data Corporation, joined SquareTwo Financial’s board of directors on September 8, 2010.

As chief financial officer and executive vice president of First Data Corporation, she was responsible for all of the company’s financial aspects, including settlement operations, mergers and acquisitions and public reporting for the global business of First Data. She also led the executive steering committees and project teams related to significant strategic initiatives including the 2007 privatization of First Data sponsored by Kohlberg, Kravis and Roberts private equity firm and the related 100-Day Plan, the 2006 Western Union (NYSE:WU) public company spin-off, and the 2004 acquisition of Concord EFS (NYSE:CE).

“Kim has distinguished herself as a talented leader in the financial services industry.  Her knowledge and expertise will be an invaluable asset to our company,” said Paul A. Larkins, CEO and president of SquareTwo Financial.  “Kim will be our seventh board member, and I’m confident she will bring insight and experience to our accomplished board.”

“SquareTwo Financial is a unique and innovative company that embraces change—it is exactly these characteristics that make the company a consistent leader in the asset-recovery industry,” said Patmore, adjunct instructor and executive coach at the University of Denver Reimann School of Finance.  “I am honored to join this talented group of professionals, and look forward to working with Paul and the board as SquareTwo Financial continues to grow and evolve.”

Patmore now acts as adjunct instructor at the University of Denver Reimann School of Finance in the areas of Strategic Finance, Mergers and Acquisitions, Managerial Finance and External Financing for graduate and undergraduate students.  As an executive coach, she provides coaching and career development consulting to University of Denver Executive MBA students and serves as an executive mentor for teams of graduate students.  As the founder of Patmore Management Consulting, Patmore develops high performing teams and executive leaders, and assists companies with succession planning and retention.

Patmore graduated as business school valedictorian from the University of Toledo.  She was named CFO of the Year by CFO Magazine, Woman of Distinction and Corporate Business Woman of the Year, and Outstanding Woman in Business.  She also served as founding board member of the First Data Foundation. She currently serves on the advisory board of the Center for Colorado’s Economic Future, and has served on various panels at the University of Denver devoted to economic and strategic issues for public policy.

About SquareTwo Financial
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.