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Capital Card Services Announces Leadership Promotions

March 1, 2011

SIOUX FALLS, SD, March 1, 2011 - Capital Card Services, Inc., (Capital), a leader in portfolio management and card outsourcing solutions, announced that Charles Hendrickson has been appointed to the role of President and Chief Executive Officer, effective January 17, 2011.

Mr. Hendrickson joined the company as Chief Financial Officer in 2000 and most recently was Executive Vice President. He has over twenty-five years of experience in the credit card and banking industries. Mr. Hendrickson replaces outgoing President and Chief Executive Officer, Jeff Aegerter.

Charles Hendrickson said, "Capital Card Services is well positioned to deliver customized, turnkey services for our customers. I look forward to building upon that foundation for continued growth, as well as to create opportunities for our employees and ownership. We wish to thank Jeff Aegerter, Capital's former President and CEO, for his contribution in building this company."

The company also announced the following leadership promotions:

Rick Lynam to Executive Vice President of Card Products. Mr. Lynam has over thirty years of experience in the credit card industry and oversees the Capital Preferred Credit card program as well as the client service and risk management areas.

Sherry Tunender to Senior Vice President of Compliance. Her responsibilities include oversight of regulatory, compliance and audit affairs for the company and its clients. Ms. Tunender joined the company in 1998 and has over twenty-five years of experience in the credit card industry.

Michelle Mueller to Chief Financial Officer. Ms. Mueller has been controller of the company since 2001 and was subsequently promoted to a Vice President. In addition to leading the finance area, she oversees the accounting and cardholder accounting departments and has over twenty- two years of accounting experience.

Kerry Motl to Vice President of Finance. Mr. Motl has over sixteen years experience in the credit card/financial services industry and joined Capital Card Services in 2000. He oversees account profitability and analysis as well as portfolio financial modeling for the company.

Alfred Furth to Vice President of Portfolio Analytics and Risk. He is responsible for the statistical analysis, risk management and marketing activities of the company. Dr. Furth joined Capital Card Services in 2007 and has over ten years of analytical experience.


About Capital Card Services, Inc.

Capital Card Services, Inc. is a leading servicer of MasterCard and Visa accounts for financial and non-financial institutions nationwide. Capital provides account acquisition services, underwriting strategies, marketing, customer service, collections, and portfolio management services. It was established in 1998 and is headquartered in Sioux Falls, South Dakota. For more information about Capital, call 605.782.3300

500 E. 60th Street North Sioux Falls, SD 57104 605.782.3300   © 2019 Capital Card Services, Inc.. All Rights Reserved.

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