The Warranty Group, a Chicago-based firm that produces service contracts and employs 1,800 people, has named Thomas Warsop its CEO, effective next month. Warsop was most recently a group president at the publicly traded financial services technology company Fiserv.
The Warranty Group today announced the appointment of Thomas Warsop as chief executive officer, effective August 6, 2012. In addition, Mr. Warsop will be elected to the company’s Board of Directors.
Mr. Warsop served most recently as group president, distribution and sales at Fiserv, Inc. (NASDAQ: FISV), where he was responsible for its Depository Institution Services group operations, innovation and relationships with Fiserv account processing clients, and oversight of its global sales organization.
“Tom brings to The Warranty Group a proven track record of strong global operational expertise and a client-focused passion,” said Robert Le Blanc, chairman of The Warranty Group’s Board of Directors. “Merging the capabilities of The Warranty Group with Tom’s global leadership experience will deliver increased value to our clients, associates and shareholders.”
“The Warranty Group is clearly the industry leader and I am excited about the opportunity to work with such talented employees and world-class clients,” Mr. Warsop said. “The Warranty Group, as a founder of today’s warranty industry, is uniquely qualified to deliver innovative and financially sound solutions to the world’s leading retailers, manufacturers and financial institutions with its integrated solutions.”
About The Warranty Group
The Warranty Group is the world’s premier provider of service contracts and related benefits, with operations in 33 countries with 1800 employees. With underwriting, claims administration, compliance and marketing expertise, The Warranty Group is a global single-source solution for manufacturers, distributors and retailers of consumer goods including autos, homes, consumer electronics, furniture and appliances, as well as financial institutions. For more information, visit www.TheWG.com.