Changes Advance COO Succession Planning and Increased Focus on OpEx for the Growing Consumer Lender
LAWRENCEVILLE, Ga.–(BUSINESS WIRE)–Lendmark Financial Services today announced that Joe Burgamy has been appointed Chief Business Officer, a new role for the consumer financial services company. Bret Hyler, formerly EVP of Branch Operations, has been named Burgamy’s successor as Chief Operating Officer. Both changes were effective February 1, 2023.
In the new role, Burgamy will provide concentrated focus on operating expenses, in addition to overseeing the company’s Central Operations and Support Services.
“As we continue to grow and scale our business, we are ensuring we maintain a world-class leadership team to support our continued sustainable and profitable growth,” said founder and CEO Bobby Aiken. “I am excited Joe will be taking on this important new role of Chief Business Officer, focused on the collective management of operations expenses. Joe is one of the best in the business and will be pivotal in helping maximize OpEx performance,” Aiken added.
Burgamy, one of the original employees of the 26-year-old company, is an industry veteran, and has managed every branch decision for Lendmark from its original four branches opened in 1996 to the 500th milestone branch opening in December 2022.
“I am equally excited to welcome Bret Hyler as COO — Bret is a seasoned operations leader known for his strategic orientation, disciplined approach, and proven ability to drive results,” said Aiken. “His expertise will be vital to our operations, and he will be a valued strategic partner to me and the entire leadership team,” Aiken added.
Hyler joined Lendmark in 2005 as a branch manager trainee. During his 18-year tenure with Lendmark, he has held numerous operations-facing roles, demonstrating his business acumen and exceptional people leadership abilities with each successive assignment. Hyler received his Bachelor of Science degree in Business Administration from Averett University.
This announcement marks the continuation of a high growth era for Lendmark, with 65 branches opened in 2022 and 70 in 2021. Lendmark has plans to continue expanding within its now 21-state footprint during 2023.
About Lendmark Financial Services
Lendmark Financial Services provides personal and household credit, as well as loan solutions, to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability, and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 500 branches in 21 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.