HOUSTON, Dec. 18 /PRNewswire/ -- American General Corporation (NYSE: AGC)
recently announced two executive appointments in its consumer finance
subsidiary, American General Finance. Ray W. Sims and Ben D. Hendrix both
have been named executive vice president, and will join President and Chief
Executive Officer Frederick W. "Rick" Geissinger in AGF's newly formed
office of the chairman.
In commenting on the announcement, Robert M. Devlin, chairman and chief
executive officer of American General, said, "These management appointments
signal American General's commitment to attracting and retaining the best
management talent in the consumer finance industry. Ray's broad-based
management experience in retail mortgage lending, combined with Ben's in-depth
knowledge and understanding of AGF's operations and markets, will provide a
solid foundation for achieving our strategic growth objectives."
Sims, 43, joins American General from Great Western Financial Corporation
where he served as executive vice president - real estate services with
responsibility for the lending and servicing activities of 1,150 retail,
wholesale, and correspondent lending offices. Prior to joining Great Western,
Sims served as president and chief executive officer of Knutson Mortgage
Corporation. In 1989, Sims founded and served as president of Mortgage Link,
Inc., a banking origination network acquired by GE Capital Mortgage Services,
Inc., where he then served as senior vice president for over five years. A
native of Michigan City, Indiana, he received his B.S. degree in social
studies education from Indiana State University in 1977, and his M.A. degree
in religious education from United Theological Seminary in Dayton, Ohio in
1979.
Hendrix, 53, has served his entire 28-year consumer finance career with
American General and most recently served as senior vice president -
operations with responsibility for AGF's central and western branch office
network operations. He began his career as a branch office trainee with
CrediThrift Financial, Inc., which was acquired by American General in 1982.
Hendrix's career also includes a variety of management positions including
branch office and district manager, director of operations, and vice president
of AGF's central region operations, where he was responsible for managing over
500 branch offices. A native of Sardis, Mississippi, he was promoted to
senior vice president - operations in 1994.
American General Finance, based in Evansville, Indiana, is a leading
provider of home equity and consumer loans. The company ranks among the
nation's largest consumer finance companies, with a nationwide network of
1,343 branch offices, 2.3 million customer accounts, and finance receivables
of $7.5 billion.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $79 billion and shareholders'
equity of $7.3 billion. Headquartered in Houston, it is a leading provider of
retirement services, life insurance, and consumer loans to 12 million
customers. American General common stock is listed on the New York, Pacific,
London, and Swiss stock exchanges.
SOURCE American General Corporation
 back to top
Related links:
http://www.agc.com
CONTACT:
Media: John E. Pluhowski, Director -
Corporate Communications, 713-831-1149; or Investors: David W.
Entrekin, Vice President - Investor Relations, 713-831-1346; or
AGF: Barry M. Roberts, Associate Director - Communications,
812-468-5884
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
114643
|
