– Current President, CEO, and Director Rob Beck to Retire –
– Beck to Remain with Regional Until June 2026 to Ensure Seamless Transition –
Regional Management Corp. , a diversified consumer finance company, announced the retirement of its President, Chief Executive Officer, and Director, Robert W. Beck. The Board of Directors has appointed Lakhbir Lamba as Regional’s new President, Chief Executive Officer, and Director effective November 10, 2025. Mr. Beck will assist with a smooth and orderly transition in an advisory role before officially retiring from the company on June 30, 2026.
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Mr. Lamba brings to Regional nearly 30 years of leadership experience in consumer lending and financial services, with extensive expertise in consumer credit, digital and technology platform development, branch sales and service, analytics, and product management. Most recently, he was Executive Vice President, Head of Consumer Lending & Analytics at PNC Financial Services Group, Inc., where he oversaw a team of 2,000 employees and managed the division’s portfolio of $32 billion in total assets. Mr. Lamba spent more than 15 years with PNC, including as its EVP of Retail Lending and EVP of Analytics and Portfolio Management. He received his Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology in New Delhi and his MBA in Finance and Strategy from Purdue University’s Krannert Graduate School of Management.
“We are extremely excited to welcome Lakhbir as our new President and CEO,” said Carlos Palomares, Chair of the Board of Regional Management. “We believe Lakhbir’s consistent success at PNC, his focus on innovation, and his impressive skillset developed within the consumer financial services space make him the ideal fit to continue our current growth strategy and lead Regional moving forward. At the same time, we want to congratulate Rob on his well-deserved retirement and for all of his contributions in leading the Regional team through some of our toughest challenges. We appreciate that Rob will help effect a seamless transition to Lakhbir’s leadership and wish him only the best in his next chapter.”
“It has been my distinct pleasure to lead such an outstanding team over the past five and a half years,” said Mr. Beck. “I want to thank everyone at Regional for their unwavering commitment and efforts. I am proud of what we have accomplished as we navigated through some of the most challenging environments we have experienced in decades, while nearly doubling our net finance receivables and expanding our footprint across the country to eight new states. Over the same time period, we invested heavily to transform our technology platforms and data and analytic capabilities, positioning the business for future growth. The company is now enjoying increased momentum and accelerated growth, and I am confident that Lakhbir will lead the team to even greater success. With Regional well-positioned for its next stage of expansion, I look forward to beginning my next chapter and spending time with my family.”
“I am thrilled to be leading Regional and this outstanding team and want to thank the Board for this incredible opportunity,” added Mr. Lamba. “Rob has done a wonderful job steering Regional over the past several years and positioning the company well for its next chapter of growth. I look forward to continuing our current growth strategy in the years ahead, as we expand our geographic footprint, responsibly grow our portfolio, and leverage the latest technological advancements to deliver sustainable and increasing profitability over the long term.”
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