Stellar Recovery Shuffles Execs After 2011 Growth

John Schanck, Chairman of Stellar Recovery, Inc., announced today structural changes for the start of the fourth quarter due to his company’s tremendous growth in 2011. Stellar tripled its top line revenue in 2011 and is projecting doubling that in 2012.

“It all started with a plan in October 2010 to open a call center, with back office support and the relocation of executives to Jacksonville, Florida,” said Schanck. Schanck went on to say that Stellar has added over 108 jobs in Jacksonville since January.

“We continued in April with the relocation of our Kalispell, Montana office to our sister companies building,” said Doffie Howard, President of Stellar. Howard noted that Stellar spent $1 million to replace the phone system and all its staff computers, office furniture, security, and relocation / remodeling to maximize efficiencies, production and security. For security purposes, redundancy, manageability and disaster recovery all critical file servers, phone system, switches and circuits have been moved to a secure location in Jacksonville Florida and are being managed from that location.

In addition to the above, Stellar has added two additional sales people, Keith Jones and Andy Tricules, with more to come in 2012.

With this tremendous growth, Stellar announced that Doffie Howard will become President of Sales and Asset Acquisitions. Garrett Schanck has been promoted to Chief Operating Office, and Michelle McPherson to Vice President. Bob Peterson will remain Chief Executive Officer and John Schanck has assumed the roll of President of Stellar and will remain its Chairman.

John Schanck said, “The outlook for 2012 revenues is tremendous. We have completed our plan on schedule. With the key personal in place we are finalizing our ISO certification and SSAE 16 with a completion date of December.”

Stellar Recovery, Inc. is an Accounts Receivable Management Company (ARM) with offices in Kalispell, Montana and Jacksonville, Florida.