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Flagship Credit Appoints John R. Schwab as Chief Financial Officer

Flagship Credit Acceptance LLC (“Flagship” or “the Company”), a leading non-prime independent automotive financing and servicing company is pleased to announce the appointment of financial industry veteran John R. Schwab as Chief Financial Officer for the organization.

Mr. Schwab brings extensive financial leadership experience in treasury and capital markets to Flagship. He joins the company from The J.G. Wentworth Company where he served as Executive Vice President and Chief Financial Officer.

“We are excited to work with John on Flagship’s continued growth,” said Michael Ritter, founder and Chief Executive Officer of Flagship Credit. “With extensive corporate finance, capital markets and treasury experience, he will further strengthen our finance organization. We expect that John will continue to build upon the success he established in his former roles,” said Ritter.

“I am very excited to join the Flagship team,” said John Schwab. “Flagship has defined itself as a leading independent automotive finance company and I look forward to contributing to the next phase of growth.”

Mr. Schwab was the Executive Vice President and Chief Financial Officer of The J.G. Wentworth Company™ (NYSE: JGW), a position he has held since 2013 where he was instrumental in the process of becoming a publicly traded company. Prior to joining in April 2013, he served in various capacities since 2004 for Expert Global Solutions, Inc. (formerly NCO Group, Inc., a publicly traded company through 2006) including Executive Vice President and Chief Financial Officer. Prior to his employment at Expert Global Solutions, Inc., Mr. Schwab was the Chief Financial Officer of RMH Teleservices, a publicly traded teleservices company and Inrange Technologies Corp. Mr. Schwab spent eleven years at Arthur Andersen, most recently as a Senior Manager, and was a certified public accountant. Mr. Schwab graduated from LaSalle University with a BS in Business Administration – Accounting.

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