EZCORP Announces New Chief Financial Officer
November 30 2009 - 12:50PM
PR Newswire (US)
AUSTIN, Texas, Nov. 30 /PRNewswire-FirstCall/ -- EZCORP, Inc.
(NASDAQ: EZPW) announced today the appointment of Brad Wolfe as
Senior Vice President - Finance. Mr. Wolfe will assume the position
of Chief Financial Officer effective January 1, 2010. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090713/EZCORPLOGO) Mr. Wolfe
brings over 17 years of financial and operating experience in a
variety of industries, having previously served as Executive Vice
President and Chief Financial Officer of the $4 billion financial
services subsidiary of Aon Corporation; Senior Vice President of
Operations (chief financial and operating officer) for Safeway
Insurance Group; Chief Financial Officer of The Broe Companies, a
$1.5 billion real estate investment firm; and Chief Financial
Officer and Senior Vice President of Operations of DCI/Syntex
(Mansur), an $800 million investment firm. Most recently, Mr. Wolfe
has been the Chief Financial Officer of Sante Ventures, a venture
capital fund based in Austin, Texas. Mr. Wolfe's experience
includes finance and information technology responsibilities for
operations located in North America, Mexico, Europe and Asia. Mr.
Wolfe received a degree in Accounting and Information Systems from
Southern Methodist University and an MBA in Finance, Management
Information Systems and Marketing from Northwestern University. Mr.
Wolfe also holds a law degree from the Kent Law School. Joe
Rotunda, EZCORP's President and Chief Executive Officer, stated:
"As our business grows in scope, geographical reach and complexity,
it is important that we continue to add executives with extensive
experience in managing large, complex multi-national organizations.
Brad has that experience. We are excited that he has joined EZCORP
to lead an already strong finance organization, and we look forward
to having him as a member of our senior management team." As
previously announced, EZCORP's current Chief Financial Officer, Dan
Tonissen, will retire from the company and the board of directors
effective December 31, 2009. About EZCORP EZCORP provides loans or
credit services to customers who do not have cash resources or
access to credit to meet their short-term cash needs. In its
pawnshops, the Company offers non-recourse loans collateralized by
tangible personal property, commonly known as pawn loans. At these
locations, the Company also sells merchandise, primarily collateral
forfeited from its pawn lending operations, to consumers looking
for good value. The Company also offers a variety of short-term
consumer loans, including payday loans, installment loans and auto
title loans, or fee-based credit services to customers seeking
loans. At September 30, 2009, EZCORP operated a total of 910
locations, consisting of 369 U.S. pawnshops, 62 pawnshops in
Mexico, 477 U.S. short-term consumer loan stores, and 2 short-term
consumer loan stores in Canada. The Company also has significant
investments in Albemarle & Bond Holdings PLC, one of the U.K.'s
largest pawnbroking businesses with 115 stores, and Cash Converters
International Limited, which franchises and operates approximately
500 locations worldwide. For additional information, contact
Investor Relations at (512) 314-2220.
http://www.newscom.com/cgi-bin/prnh/20090713/EZCORPLOGO
http://photoarchive.ap.org/ DATASOURCE: EZCORP, Inc. CONTACT:
Investor Relations of EZCORP, Inc., +1-512-314-2220 Web Site:
http://www.ezcorp.com/
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