Household International announced a number of appointments in its senior management ranks. In making these changes, William F. Aldinger, Household’s chairman and chief executive officer, said, “1999 has been a year in which Household has continued to make great progress in generating profitable growth, improving customer service, controlling costs and meeting our earnings targets. I see this as a reflection of the exceptionally talented employees that we have, coupled with the strong leadership delivered by our senior management team. The executive appointments we are announcing today will help us maintain our momentum and position the company for continued growth and success.” All of these executives will report to Mr. Aldinger.
Lawrence N. Bangs, 63, formerly Group Executive, has been named Vice Chairman of Household International, with continuing responsibility for the company’s international and insurance operations. In addition, Mr. Bangs will work closely with Mr. Aldinger on business strategy. Mr. Bangs has been with Household since 1959.
Rocco J. Fabiano, 43, has been named Group Executive, with responsibility for Household Retail Services USA, the company’s private label credit card business, as well as Household Automotive Finance and Household Tax Masters, the company’s tax refund anticipation lending program for electronic filers. Mr. Fabiano joined Household in 1997 when the company acquired ACC Consumer Finance, which Mr. Fabiano had co-founded.
David A. Schoenholz, 48, has been appointed Group Executive — Chief Financial Officer. In addition to his responsibilities as chief financial officer, Mr. Schoenholz will assume responsibility for Household Financial Services, which includes the company’s wholesale and correspondent lending activities. Mr. Schoenholz will continue to be responsible for company-wide technology, credit risk management and commercial lending activities. Mr. Schoenholz joined Household in 1985.
Colin P. Kelly, 56, has been named Senior Vice President — Administration, with the company’s government relations function being added to his current responsibilities. Mr. Kelly will continue to oversee the company’s human resources, training and development, properties and facilities, and philanthropic activities. Mr. Kelly has been with Household since 1965.
Household International, through its subsidiaries, is a leading provider of consumer finance, credit card, non-prime auto finance and credit insurance products in the United States, United Kingdom and Canada. In the United States, Household operates under the two oldest and most widely recognized names in consumer finance — HFC and Beneficial. Household is also one of the nation’s largest issuers of private-label and general purpose credit cards, including the GM Card and the AFL-CIO’s Union Privilege card. For more information, visit the company’s web site at [http://www.household.com].