Portfolio Recovery Associates, Inc. (PRAA), a financial and business services company operating in the U.S. and U.K., Wednesday said that James Nussle has been appointed by the company's board of directors to serve as an independent director.
Nussle, 52, is president of The Nussle Group, a public policy and strategic consulting company. From 2007 to 2009, he served in the cabinet of President George Bush as director of the White House Office of Management and Budget, where he developed and implemented the President's budget, fiscal and regulatory policy.
He was an advisor to President Bush as a member of the National Economic Council, National Security Council, Homeland Security Council and National Domestic Policy Council.
Prior to that, Nussle served in the U.S. House of Representatives as a congressman from Iowa for 16 years. During that time, he was elected to three two-year terms as chairman of the House Budget Committee. He also has served on the House Ways and Means, Banking and Agriculture Committees.
Nussle replaces John Fuller, who served on the board until the end of his term on May 30. He will stand for election to a three-year term on the board at next year's annual meeting of stockholders.
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