On Tuesday, Recovery Industry Services Co. (RISC) announced that Holly Balogh, a former top executive at Recovery Database Network (RDN), has been hired as the president and chief operating officer of RISC.

The company added that Stamatis Ferarolis will remain as owner and chief executive officer.

“RISC continues to be at the forefront of the recovery industry for compliance and training,” Ferarolis said. “With the growth we have seen from our recent partnership with MBSi, we needed to bring additional leadership with deep industry experience to ensure we are positioned well to support the growth that we are seeing.

“We are thrilled to have Holly join RISC as president and bring her wealth of recovery and compliance experience to our customers.”

Balogh joins RISC with more than five years of industry experience, most recently working as the chief operating officer at RDN, a business unit of KAR Auction Services, Inc. 

All told, Balogh brings more than 25 years of business experience to RISC including her experiences at RDN, formerly as the vice president of OneWest.net, a technology service company based in the Rocky Mountain region, and as an experienced manager at Accenture, an international technology and management consulting company. 

“From my experiences working in the recovery industry, I am aware that RISC provides the gold standard of compliance and training through their CARS program,” Balogh said.  With their recent growth, as well as lender and forwarder company adoption, they set the standard in the industry for training, lot inspections and vetting services. 

“I am thrilled to join RISC and to bring my compliance and industry experience to the business,” she went on to say.