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Irvine, CA June 27, 2007
—Apollo Enterprise Solutions LLC, the leading provider of
web-based payment and collection technology, announced today that
John Furjanic has joined the company as Executive Vice President,
Analytics & Decision Strategy. His responsibilities at Apollo
include developing and optimizing payment and client settlement
strategies.
Prior to joining Apollo, Furjanic led the Credit Policy
and Risk Management team as Executive Vice President at Citigroup.
Under his leadership, credit loss rates were reduced for managed
portfolios valued at $2 billion by more than 50% and $25 million
per year. John also successfully managed credit process and policy
system conversion for the Diners Club/MasterCard alliance in North
America that increased sales by 50% within six months while maintaining
credit loss performance within plan. Furjanic championed and managed
a new product launch in January 2006 that achieved the entire year’s
sales goal of $100 million by end of the first quarter.
John has managed numerous assignments in more than
35 countries around the world, served as a member of the Executive
Management Committee for Diners Club North America from 2000-2006,
and was Senior Credit Officer and Group Credit Director for Citigroup’s
Global Consumer Bank.
“With 19 years of experience at Citigroup, John
is one of the leading experts in credit and risk management practices,”
said Michael Walker, Apollo’s Chief Operating Officer. “He
has successfully applied his strategies to the credit card industry,
the financial industry’s most demanding payment and debt collection
environment. Now our clients will benefit from his expertise as
he guides them in developing best practices for contact marketing,
as well as payment terms and settlement strategies.”
“I am delighted to be joining the Apollo team
and look forward to applying risk management principles to the self-service
payments and collection industry,” said Furjanic. “I
am also excited to be a part of the opportunity to deliver Apollo’s
strategic vision into broad and diverse marketplaces, including
telecommunications, healthcare, financial services, and government.
In every case where settlement rules can be enhanced by combining
credit bureau data with sound risk analysis principles, we will
be able to substantially improve the operational efficiencies and
P&L performance of our clients at Apollo.”
Furjanic was a co-founder and faculty member of the
Diners Club International Credit and Risk Management training course
and was an active instructor for Citigroup’s Consumer Credit
and Credit & Risk training courses. He has also been the recipient
of numerous awards that include the Citigroup Credit Card Division
Chairman’s Team Award, the Diners Club North America Presidential
Award, and Citigroup’s Global Concord Award for excellence
in cross border knowledge transfer. John holds a B.S. in Civil Engineering
and an M.S in. Industrial Administration from Carnegie-Mellon University.
About Apollo Enterprise Solutions
Apollo Enterprise Solutions, LLC, headquartered in Irvine, California,
provides enterprise-class web-hosted solutions for a variety of
industries involved in receivables management and debt collections.
At the heart of Apollo’s Intelligent Debt Solutions™
system is the patent-pending IDS Decision Engine™ which provides
Decisioning Intelligence™, a revolutionary process that delivers
more debtors for recovery and settlement and more dollars per settlement
by creating individual, customized offers that reflect a debtor’s
most realistic ability to pay.
Contact:
Jeff Dickey
Executive Vice President - Sales & Marketing
Apollo Enterprise Solutions, LLC
(949) 399-1000 x220
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