AUSTIN, Texas, April 7, 2014 (GLOBE NEWSWIRE) -- EZCORP, Inc. (Nasdaq:EZPW) today announced that Sterling Brinkley, Executive Chairman of the Board, has informed the company that he intends to retire as Executive Chairman and as a member of the board of directors, effective June 30, 2014.
Mr. Brinkley has served as EZCORP's Executive Chairman since 1989. Under his leadership, the company has increased annual revenues to more than $1 billion; has grown to 1,400 locations and branches worldwide; has expanded internationally with growth in Mexico, Canada and the U.K. as well as significant affiliated relationships in Australia; and has diversified its activities from a single channel, locally oriented, store-front-based pawn business to a multiple product, multiple channel, internationally oriented specialty consumer finance business.
Also during Mr. Brinkley's tenure, EZCORP was recognized as one of Forbes' 200 Best Small Companies (2006); Business Week's 100 Hot Growth Companies (2007); and one of Fortune's 100 Fastest Growing Companies (2010 and 2011).Paul Rothamel, EZCORP's President and Chief Executive Officer, said, "On behalf of the entire EZCORP family, I would like to thank Sterling for his service to EZCORP over the past 25 years. Sterling has been an outstanding leader, and we are grateful for his many valuable contributions to our success. While Sterling was Executive Chairman, EZCORP grew from a small Texas business to an international leader in the pawn and specialty consumer finance market with more than 7,600 employees and 1,400 stores and locations around the world. The company has been the beneficiary of his vision and guidance, and we wish him the very best." Mr. Brinkley stated: "The past 25 years with EZCORP have been the highlight of my career. It has been a pleasure to learn from and interact with so many talented people in every part of the business. I am proud of our many accomplishments and successes and I believe the current management team is fully capable of achieving even more. The challenges facing this business are substantial, but those challenges create immense opportunities, and I am highly confident that the EZCORP team is built for the challenge."