Vengroff, Williams & Associates Names Robert Williams as Chairman of the Board
GARDEN GROVE, CA--(Marketwire - February 19, 2008) - Vengroff, Williams & Associates, a global
provider of receivable management and business process outsourcing
solutions with more than 3000 worldwide customers, today announced that it
has named Robert G. Williams as Vengroff, Williams & Associates' chairman
of the board. With more than 30 years of finance and accounting outsourcing
industry experience, Williams brings extensive operational and leadership
expertise to his role, as well as a deep understanding of the global BPO
market, as he has been instrumental in guiding the company's growth in the
EMEA regions. As chairman of the board, Williams will provide the
mentorship and executive support necessary for Vengroff, Williams &
Associates' continued expansion.
With Williams at the helm as chairman, Harvey Vengroff officially takes on
the title of founder of Vengroff, Williams & Associates. In 1963, Mr.
Vengroff established Vengroff, Williams & Associates and over the course of
the past 45 years, the company has grown to include more than 1000
employees throughout the world.
Most recently, Williams was CEO at Vengroff, Williams & Associates,
responsible for managing the company's EMEA development, most significantly
as an outsourcing partner with a major international entertainment company
across 11 European countries with a staff of 120 persons responsible for
all facets of the business process and IT developments as related to credit
operations.
Williams started with Vengroff, Williams & Associates in 1980 as a salesman
based in the company's Houston office, after a decade-long tenure with the
Estee Lauder Cosmetic Company. After securing major customers in the Texas
market in the early 80s, Bob was transferred to Vengroff's Los Angeles
office to expand the Southern California territory. During the mid 80s, Bob
was promoted to National Sales Manager, and headed the national sales
effort until 1987. He managed a leveraged buyout of Robert Weiss, then one
of Vengroff's major partners and became President/Partner in late 1987,
based in the corporate headquarters in New York City.
During a time of explosive growth of the company during the 90s, Bob held
the position of COO/CFO and managed the growing enterprise with other
senior managers as Vengroff, Williams & Associates expanded to nine
operating companies. In 2000, founder Harvey Vengroff semi-retired from the
operating companies, while still holding the title of Chairman of the
Board, to devote his full attention to the company's substantial and
growing real estate enterprise, and Bob was promoted to CEO of Vengroff,
Williams & Associates. In 2003, Bob lead Vengroff's expansion into the
European market after securing a major contract and six new operating
companies were established to support this new market.
"We are very pleased to have Robert Williams as chairman of the board. His
track record of successfully leading Vengroff, Williams & Associates as a
growth company is a perfect fit for our needs at this stage," said founder
Harvey Vengroff. "Our brand has been built over the last 45 years on three
basic premises: people, process and technology. His leadership over the
years has significantly contributed to the creation and sustainability of a
culture that clearly demonstrates pride, dedication, entrepreneurialism and
a strong client centric mentality throughout the organization."
About Vengroff, Williams & Associates, Inc.
Founded in 1963, and with $23 billion under its management, Vengroff,
Williams & Associates is a leading provider of receivables management
business process outsourcing (BPO) solutions for Fortune 1000 companies
such as Ford Motor Company, Federal Express, Kodak, Microsoft, Yamaha and
others. Applying state-of-the-art proprietary information systems, best
practice work flow and people to realize cost reductions, operating
efficiencies, and improved process design, VWA's approach enables clients
to easily insource or outsource all or part of the quote-to-cash function.
Solutions are customized to each client's requirements or expanded to
incorporate specialized tools and SAS 70 compliant processes and
procedures. Services include full order to cash processing, third party
collections, EIPP systems, deduction management, dispute management, auto
cash solutions, front-end risk mitigation, and tax resolution. VWA has been
named a Top 21 enterprise-level FAO service provider by FAO Today Magazine.
To learn more about VWA, please visit www.vwainc.com or telephone
(866) 393-4892.
Contact Information: Editorial Contacts:
Beth Trier
Trier and Company for VWA
415-285-6147
Email: beth@triercompany.com
Robert Sherman
Vengroff, Williams & Associates, Inc.
714-889-6202
Email: robert_sherman@vwainc.com