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PRC Names Outsourcing Veteran Steven K. Richards as Chief Executive Officer

2008-08-05 13:30:00

PRC Names Outsourcing Veteran Steven K. Richards as Chief Executive Officer

FT. LAUDERDALE, Fla.–(EMWNews)–PRC, LLC, a leading provider of outsourced customer management services,

announced today that Steven K. Richards has been appointed Chief

Executive Officer of the Company, effective immediately. Mr. Richards

will also join the Board of PRCs parent

company.

Mr. Richards succeeds Jerry McElhatton, who served as PRCs

CEO during its recently-completed reorganization. Mr. McElhatton will

remain with the Company in an advisory capacity during a transitional

period.

Mr. Richards, 45, is a seasoned executive with an outstanding record of

achieving growth and profitability in the Business Process Outsourcing

(BPO) industry. Prior to joining PRC, he served as President of

Transworld Systems, the largest North American commercial receivables

management solutions outsourcer, where during his four-year tenure he

led an expansion of the business and delivered record revenues and

earnings. Prior to Transworld, from January 2002 through April of 2004

he served in a variety of senior executive roles, including COO, at RMH

Teleservices, a leading North American call center outsourcer. During

his tenure, he was responsible for achieving substantial growth and

improvement in the companys profitability as

the result of a series of rigorous sales and operational initiatives. In

addition to these leadership roles, Mr. Richards previously held key

positions with AT&T and with Excel Communications, a unit of BCE Inc.

I am delighted to join PRC as we embark on an

exciting new stage in the Companys history,

Mr. Richards said. PRC has a well-deserved

reputation for delivering superior customer satisfaction for its marquee

clients and providing outstanding service to their customers. Our top

priority will be to continue to deliver on PRCs

commitment to 100%, across-the-board client satisfaction. PRC has an

excellent team of talented, forward-thinking professionals, and I look

forward to working closely with them as we grow the business together.

Mr. McElhatton added, Steve brings a wealth

of experience in the BPO industry and outstanding leadership credentials

to PRC. I am confident that Steve and his team will capitalize on PRCs

financial stability and operational effectiveness to realize PRCs

ambitious growth and profitability objectives.

Mr. Richards earned a Business degree with honors at Penn State and has

completed Executive Programs at Duke, UVA and Penn State.

About PRC

PRC is an outsourced Business Solutions Provider globally delivering

Customer Management and Sales & Marketing services on behalf of leading

brands. With over 25 years of experience, PRC delivers solutions that

support communications to target, acquire, grow, retain and develop

customer relationships that deliver a positive return on their clients

investment. Headquartered in Ft. Lauderdale, Florida, the Company

supports clients worldwide through its global network of centers. PRC is

privately held. The largest equity holders of its parent company are

investment firms that are affiliates of Babson Capital Management, LLC,

Bayside Capital and Silver Point Capital. For more information, visit www.prcnet.com.

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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