Ashish Masih

President and Chief Executive Officer at ENCORE CAPITAL GROUP

Board

Since June 2017

Age

59 years

Education

Holds a bachelor's degree in Mechanical Engineering from the Indian Institute of Technology, New Delhi, India, a Master of Science in Manufacturing Systems Engineering from Lehigh University, and an MBA from The Wharton School of the University of Pennsylvania.

Tenure

Joined ECPG in 2009, served in various senior roles including Executive Vice President and President of Midland Credit Management from November 2016 to June 2017, and became President and CEO in June 2017.

Also at ENCORE CAPITAL GROUP

AEA

Andrew E. Asch

Senior Vice President, General Counsel, Government Affairs, and Corporate Secretary

John Yung

President of International and Cabot Credit Management

RBB

Ryan B. Bell

President, Midland Credit Management

About

Ashish Masih is a seasoned executive with a strong academic foundation, holding degrees in engineering and business from premier institutions, which have prepared him for a dynamic career in the financial services and consulting sectors.

Beginning his career with roles at consulting firms and later at Capital One Financial Corporation, he developed extensive experience in strategy and operations that paved the way for his later leadership roles.

At ECPG, he has been a pivotal member since 2009, advancing through several senior positions before being promoted to President and CEO in June 2017. His leadership is further reflected by his contributions on industry boards and forums, underscoring a commitment to ethical practices and innovation in specialty finance.

$ECPG Performance Under Ashish Masih

Past Roles

Organization	Role	Date Range	Details
Encore Capital Group (ECPG)	Executive Vice President and President, Midland Credit Management, Inc. (MCM)	Nov 2016 - Jun 2017	Held before CEO appointment
Encore Capital Group (ECPG)	Executive Vice President, U.S. Debt Purchasing and Operations	Feb 2014 - Nov 2016	Held before CEO appointment
Encore Capital Group (ECPG)	Senior Vice President, Legal Collections Operations	2010 - Feb 2014	Held before CEO appointment
Encore Capital Group (ECPG)	Senior Vice President, Corporate Development	2009	Joined the company in 2009
Capital One Financial Corporation	Senior roles in U.S. Credit Card Business; CFO and Head of Analytics	2001 - 2009	Managed collections and recoveries functions
McKinsey & Company	Associate Principal	N/A	Worked before Capital One
KPMG Consulting	Manager	N/A	Worked before McKinsey & Company

External Roles

Organization	Role	Date Range	Details
U.S.-India CEO Forum	Member	2019 - Present	Appointed by the U.S. Secretary of Commerce to discuss economic and commercial ties

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$894,645	2024	Base Salary
Non-Equity Incentive Plan Compensation	$1,073,574	2024	KCP Bonus
All Other Compensation	$17,250	2024	Includes 401(k) Matching Contributions: $10,350 ; other benefits details not individually specified

Performance Compensation

Data from FY 2024

Restricted Stock Units (RSUs)

Metric	Value
Grant Date	March 9, 2024
Units Granted	33,399 RSUs
Grant Date Fair Value	$1,674,960
Grant Date Stock Price	$50.15 per share
Vesting Schedule	Three equal annual installments on March 9, 2025, 2026, and 2027, subject to continued employment

ROIC PSUs

Metric	Value
Grant Date	March 9, 2024
Units - Threshold	8,349 units
Units - Target	16,699 units
Units - Maximum	33,398 units
Grant Date Fair Value	$837,455
Grant Date Stock Price	$50.15 per share
Performance Period	March 2024 to December 2026
Vesting Schedule	Cliff vests on March 9, 2027 based on achieved ROIC targets and continued employment

TSR PSUs

Metric	Value
Grant Date	March 9, 2024
Units - Threshold	8,205 units
Units - Target	16,411 units
Units - Maximum	24,617 units
Grant Date Fair Value	$837,453
Grant Date Stock Price	$51.03 per share
Performance Period	March 2024 to December 2026
Vesting Schedule	Cliff vests on March 9, 2027 with vesting percentages based on TSR percentile: 150% at 70th percentile or above, 100% at 50th, 50% at 30th, and none below 30% (capped at 100% of target if absolute TSR is negative)

Equity Award Mix

Metric	Value
RSU Target Value	$1,675,000
ROIC PSU Target Value	$837,500
TSR PSU Target Value	$837,500
Total Target Equity Award Value	$3,350,000
Award Mix	50% RSUs and 50% PSUs (split equally between ROIC and TSR PSUs)