Changes Announced in Top Leadership at WAM

West Asset Management today announced that Rich Lundeberg will assume the role of Executive Vice President of the Purchase Receivable Group on January 1, 2007.  Lundeberg is currently Senior Vice President and will replace Tye Hanna, who recently resigned his position as Executive Vice President.  Hanna will remain with WAM as a consultant for a period of time to transition responsibilities to Lundeberg.

Lundeberg joined West Asset Management in August 2004 when West Corporation acquired Worldwide Asset Management, which he helped found in January 2002.  During the past four years, Lundeberg has been instrumental in developing WAM’s Purchase Receivable business.  Before that, he spent 14 years in the banking and financial services industries.

“I am excited about the growth in West’s Purchase Receivables business, and look forward to continuing to work with our highly professional, results-oriented team,” said Lundeberg.

“Tye has been an integral part of our continued success and I consider it a privilege to have worked along side him for the last few years,” said Jim Richards, President of West Asset Management. “We are pleased that Rich has taken on this new role, and look forward to his continued leadership.”

West Asset Management is a wholly owned subsidiary of West Corporation and offers companies a full suite of First and Third Party receivables management solutions, as well as Pre-Legal and Legal services and Portfolio Purchasing solutions.

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