Aircell CFO Reid Simpson is leaving the firm to take up a senior level position at Asset Acceptance Capital effective 17 May.

Asset Acceptance Capital purchases and collects charged-off consumer debt. Simpson will serve as senior vice-president and CFO, succeeding Mark Redman.

Simpson joined Aircell in November 2007. He brings "not only a noteworthy background in finance, serving as CFO at multiple public companies, but also a deep understanding of raising capital both in the credit and equity markets", says Asset Acceptance Capital president and CFO Rion Needs.

Aircell has not yet announced a replacement for Reid.

Source: Air Transport Intelligence news