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July 21, 2014 /PRNewswire/ -- EZCORP, Inc. (NASDAQ: EZPW), a leading provider of easy cash solutions for consumers, today announced that effective immediately,
Mark Kuchenrither, Chief Financial Officer of EZCORP, has been appointed interim Chief Executive Officer and President by MS Pawn Limited Partnership, which is the Voting Shareholder and the beneficial owner of 100% of EZCORP's outstanding Class B Voting Common Stock. Mr. Kuchenrither will remain Chief Financial Officer.
Lachlan P. Given, Chairman of the EZCORP Board of Directors, said, "We are fortunate to have someone with Mark's extensive operational, financial and leadership experience ready to assume the role of interim CEO at this important juncture for the Company. Mark recently took on leadership of EZCORP's Financial Services business and he is the right person to lead EZCORP while we search for a permanent replacement to fill the CEO role."
Mark Kuchenrither said, "We have many opportunities ahead and I look forward to engaging with the Company's customers, employees, shareholders and other stakeholders in the coming weeks. Most importantly, I am confident in our team's ability to execute and provide our customers with the great service that they have come to expect from us."
The Company also today announced that
Charles A. Bauer, who joined the EZCORP Board of Directors in May, has resigned.
EZCORP is carefully reviewing a number of highly qualified candidates to add to its current Board of Directors, including qualified independents to serve on its Audit Committee.
About Mark Kuchenrither
Mr. Kuchenrither joined EZCORP as Senior Vice President, Strategic Development in
March 2010. In
May 2012, Mark was promoted to Executive Vice President and in October of the same year, he assumed the additional role of Chief Financial Officer. He recently assumed operational responsibility for EZCORP's Financial Services business.
Prior to joining EZCORP, Mark served as Vice President of Operations for private equity firm Sun Capital Partners where he was responsible for overseeing 10 portfolio companies with an emphasis on profit improvement. Mark has also held executive leadership positions at Arch Aluminum & Glass Co. and Peavey Electronics Corporation.