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Press Release
Issued by .
June 4, 2007
The RVI Group announces the appointment of David A. Klanica as Executive Vice President and Chief Financial Officer. This position will report to Douglas H. May, President and CEO. Mr. Klanica will be responsible for the Finance, Treasury, and Information Technology Groups.
Mr. Klanica has over 30 years experience in financial management, most recently as Vice President and CFO for Pitney Bowes Capital Services. He has also served as Global Technical Controller for GE Capital's Commercial Equipment Financing Division; Director, Accounting Services at Mercedes-Benz Credit Corporation; and, Senior Audit Manager with KPMG LLP.
"We are delighted to have someone with Dave's capability and depth of experience in our industry, said CEO, Douglas H. May. "The RVI Team is excited to partner with Dave in achieving our goals for profitability and growth."
Mr. Klanica received his B.S. in Accounting from Quinnipiac University. He is a Certified Public Accountant and is a member of the AICPA and CSCPA.
RVI Group is the world's largest specialist in residual value insurance, serving both lessors and lessees in the passenger vehicle, commercial real estate, and commercial equipment markets. Residual value insurance protects against a decline in market value of tangible assets, and is a tool for asset risk and lease accounting. More recent expansion of RVI's products and services includes financial guaranty reinsurance, fidelity insurance, passenger vehicle analytical services, and severance management.