STAMFORD, CT--(Marketwired - Oct 24, 2014) - Finacity Corporation ("Finacity") announced today that it has appointed Judith S. Schrecker as a board director of the company. Schrecker recently retired as Chief Financial Officer of Alcoa's Global Rolled Products business. Alcoa (NYSE: AA) is a Fortune 200 global leader in lightweight metals technology, engineering and manufacturing. Under Schrecker's financial leadership, the Global Rolled Products business achieved historically high profitability. Schrecker brings more than 34 years of global financial leadership with broad international experience.
"Judy brings her energy, experience and financial expertise to our Board," said Adrian Katz, Chief Executive Officer. "With her deep corporate finance and treasury experience, Judy will further strengthen our Board and company."
About Finacity Corporation
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.
