Tuesday, July 20, 2010

Fleet Veteran Jack Pierce Joins Hourglass Management Corporation Team

DENVER, July 20 /PRNewswire/ -- Hourglass Management Corporation (HMC), an industry leader focused on strategic consultation and best practices within the Automotive Remarketing, Financing and Fleet Management industries, is pleased to announce the appointment of Jack Pierce to Vice President, Business Development.

In this role, Pierce is responsible for creating new business opportunities across HMC's suite of companies, including Flexco Fleet Services (FFS), Innovative Funding Services (IFS) and Fleet Direct. Pierce reports directly to Ron Shoemaker, President and CEO.

Ron Shoemaker shared, "Jack's credentials, experience and laser focus will be critical as we work to expand and improve efficiencies and synergies among our portfolio of companies. Clearly our clients will benefit substantially from his contributions on our team and Jack will play an integral role in continuing to expand our breadth of services and overall corporate footprint."

Pierce brings nearly 15 years of expertise and experience to HMC. Prior to joining the company, Pierce spent six years with LeasePlan USA where he served in various capacities including Vice President, Strategic Alliances and Vice President, Operations. His time in these positions allowed him to take part in some very cutting edge company projects and initiatives.

Jack Pierce said, "After a long and very fulfilling tenure at some of the best known fleet management companies, I am looking forward to applying my skill set in a fast moving environment where we can really add value and efficiencies to fleet and remarketing initiatives at some very dynamic organizations. I am thoroughly impressed by the caliber of talent that Hourglass Management has brought together and look forward to an exciting year."

In addition, Pierce's experience includes business development roles with General Motors as well as sales and operations positions with GE Capital Fleet Services. Pierce also earned the rank of Sergeant, E-5, with the United States Marine Corps.

About Hourglass Management

Hourglass Management Corporation (HMC) is an industry leader focused on strategic consultation and best practices within the Automotive Remarketing, Financing and Fleet Management industries. HMC seeks to provide value to its customers and partners through the creation of strategic alliances and the development of new and innovative products supported by the suite of companies it represents: FFS, IFS, and Fleet Direct.

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