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Veteran of More Than 40 Public Company Boards Becomes Chairman;Addition Demonstrates Company's Commitment to Improving Corporate GovernanceEDMONTON,
June 26, 2013 /PRNewswire/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (TSX:CSF; NYSE:CSFS) today announced the appointment of
Eugene I. Davis as a director and Chairman of the Board effective
June 26th, 2013. The Company had previously announced that its Board was separating the roles of Chairman and Chief Executive Officer.
"We welcome Gene to Cash Store Financial and look forward to benefiting from his valuable corporate experience. Gene brings a wealth of experience, both domestically and internationally, across a wide range of businesses along with expertise in areas such as strategic planning, mergers and acquisitions and experience helping companies transition business models while generating value," said
Gordon J. Reykdal, Chief Executive Officer. "The appointment also reflects our commitment to improving corporate governance in a manner consistent with best practices for public companies."
Mr. Davis, 58, has served on over forty public company boards. Mr. Davis currently serves as Chairman of the Board of Atlas Air Worldwide Holdings Inc., an air cargo services provider and the world's largest operator of Boeing 747 freighter aircraft, and U.S. Concrete, Inc., a provider of ready-mix concrete and related building materials to the U.S. marketplace. In addition, Mr. Davis serves on the Board of Directors of Global Power Equipment Group Inc., Spectrum Brands Holdings Inc. and WMI Holdings Corp.
During the past five years, Mr. Davis has also been a director of American Commercial Lines Inc., Delta Airlines, Foamex International Inc., Granite Broadcasting Corporation, Ion Media Networks, Inc., Media General, Inc., Mosaid Technologies, Inc., Ogelbay Norton Company, PRG-Schultz International Inc., Silicon Graphics International, Terrastar Corp., Tipperary Corporation and Viskase, Inc.