Encore Capital Group, Inc. announced that Jonathan C. Clark, Chief Financial Officer, will retire at the end of March 2025. Clark has been with the company since 2014 and has been instrumental in shaping Encore?s financial strategy and performance during his time with the organization. Tomas Hernanz, the current CFO of Cabot Credit Management (a subsidiary of Encore Capital Group), will succeed Clark as CFO next April.

Hernanz brings extensive experience in financial management and has been a key contributor to Encore?s success since joining in 2016. In his current and previous roles with the organization, Hernanz has worked closely with Clark and senior leadership to implement Encore?s global funding structure in 2020, implement new asset-backed financing facilities, and issue corporate bonds in various global markets. Prior to joining the organization, Hernanz served in senior investment and financial roles with several global firms, including Goldman Sachs and Citigroup.

Together, Clark and Hernanz will begin an orderly transition period until Clark?s retirement next March. Hernanz will join Encore?s Executive Leadership Team and will relocate from London to Encore?s headquarters in San Diego.