Mr. Schwab is a Director, Chair of the Company’s Governance and Compensation Committee, member of the Audit Committee and member of the Joint Transactions Committee. Mr. Schwab was the chairman and CEO of Wells Fargo Capital Finance, the asset-based lending units of Wells Fargo and Wachovia (the business units formerly known as Wachovia Capital Finance, Wells Fargo Business Credit, Wells Fargo Foothill, Wells Fargo Retail Finance, and Wells Fargo Trade Capital). Wells Fargo Capital Finance is the leading provider of traditional asset-based lending, specialized senior secured financing, accounts receivable financing and purchase order financing to companies nationwide. Mr. Schwab also served on the Wells Fargo Bank Management Committee. A 39-year veteran of the asset-based lending industry, he joined Foothill Capital Corporation in 1983, becoming its president and chief operating officer in 1986. Norwest Corporation then purchased the company in 1995. In 2000, he was named chairman and chief executive officer of Wells Fargo Foothill, and in 2006 he took the position of group head of the Asset-Based Lending Group, now known as Wells Fargo Capital Finance. Prior to joining Foothill Capital Corporation, Mr. Schwab was vice president of business development with Barclaysamerican Business Credit. He started his career as a business development officer at the National Acceptance Company of California. He earned his bachelor’s degree in education from California State University, Northridge and his master’s degree in education administration from California State University, Los Angeles. Mr. Schwab serves on the board of advisors for the Entrepreneurial Studies Center at the University of California, Los Angeles Anderson School of Business, is a board member for the Cardiovascular Research Foundation of Southern California., a board member of Gibraltar Business Capital, a board member of West Coast Sports Associates and a board member of Brentwood Country Club. He has served on the board of directors of The School of Business at the California State University, Northridge, and he has also served as chairman and president of the Commercial Finance Association.
Member of the Audit Committee
Member of the Joint Transactions Committee
Chair of the Governance and Compensation Committee