Chicago, IL – February 14, 2017 – The Warranty Group, a leading global provider of warranty solutions and underwriting services, is pleased to announce Richard (Rich) Green has joined the executive leadership team as Chief Executive Officer of its European business operations. Green is responsible for managing overall business growth, client relationships and new business development for the company’s activities throughout the United Kingdom and continental Europe.
“Rich has a proven track record in the consumer and commercial sectors of the financial services industry throughout the United Kingdom and continental Europe as well as internationally,” said Nelson Chai, President and Chief Executive Officer of The Warranty Group. “Leveraging his experience and leadership, The Warranty Group will build on the strengths of our European business to provide stellar products and services to our clients and their customers.”
Formerly with CIT International Finance, Green held multiple leadership roles in their European business before ultimately being named President CIT International. Through this time he led the fundamental repositioning of the broader European Leasing and Lending business, remaining as President of the UK Leasing business as it transitioned through a sale and acquisition process in 2016. Prior to CIT, he enjoyed a long and successful tenure with General Electric, where he held various leadership roles.
The common threads throughout Green’s career are a focus on driving significant business growth, delivering premiere customer service and empowering a positive corporate culture. “I’m very pleased to join The Warranty Group team,” said Green. “The organization has an impressive history in Europe and internationally. I’m honored to now play a role in its future success.”
Green joined The Warranty Group effective February 13, replacing former European CEO Gary Jennison who left the organization last week. Jennison is credited with improving the regions’ operational performance, enabling it to complete more effectively in the future.
About The Warranty Group: Celebrating more than 50 years of industry leadership, The Warranty Group is one of the world’s premier global providers of warranty solutions and related benefits, with operations in more than 35 countries and nearly 1,700 employees. With Virginia Surety Company and London General Insurance as our wholly-owned insurance companies, The Warranty Group is a single-source solution that provides underwriting, claims administration, and marketing expertise to some of the world’s leading manufacturers, distributors, and retailers of consumer goods including automobiles, homes, consumer appliances, electronics, and furniture, as well as specialty insurance products and services for financial institutions. For more information, visit www.thewarrantygroup.com.
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