SAN DIEGO, CA – Encore Capital Group, Inc. (Nasdaq: ECPG ), a leading accounts receivable management firm, today announced a management succession plan for the positions of Chief Executive Officer and Chief Financial Officer. Effective October 3, 2005, J. Brandon Black, Encore Capital's current President and Chief Operating Officer, will succeed Carl C. Gregory, III, as Chief Executive Officer. After relinquishing his duties as CEO, Mr. Gregory will continue to work full-time as the Company's Vice Chairman. Separately, on May 3, 2005, Paul J. Grinberg, Encore's current Senior Vice President, Finance, will become Encore's CFO upon the retirement of Barry R. Barkley, the current CFO.