– USA, TX – EZCORP, Inc. (Nasdaq: EZPW), a leading provider of pawn loans in the United States and Latin America, today announced the election of Jason A. Kulas to the Board of Directors as CEO, effective immediately.
Mr. Kulas will succeed Stuart Grimshaw, who will remain with the Company as Special Advisor to the CEO and Board and accordingly has resigned from his position on the Board of Directors.
About Jason Kulas
Mr. Kulas joined the Company as President and CFO in February 2020. Prior to joining EZCORP, he held a variety of executive-level finance and operations positions, most recently with Santander Consumer USA Inc., an NYSE listed full-service consumer finance company focused on vehicle finance and third-party servicing, where he served in a series of roles, including CEO, President, CFO and a member of the board of directors from 2007 to 2017.
Jason was elected as a member of the Board in April 2019 and also served as a member of the Audit Committee prior to joining the management team as President and CFO this past February with a view to eventually succeeding to the CEO role. While this transition may be several months earlier than we originally contemplated, we believe the timing is right as the COVID-19 crisis has caused us to reassess our overall business strategy and cost structure heading into fiscal 2021.
Mr. Kulas said: “I am incredibly excited to lead EZCORP in these challenging times and to position the Company to capitalize on opportunities in the future. We remain committed to maintaining a strong balance sheet, cost containment and operating excellence while pursuing sustainable growth, and I am confident we will emerge from the current crisis in a position of considerable strength. I am committed to continuing to engage with all EZCORP stakeholders to ensure that we have great success. I am also honored to be named as Stuart’s successor and look forward to his continued counsel and support.”
Mr. Kulas will continue to serve as the CFO until a successor is identified and appointed.
About EZCORP
Formed in 1989, EZCORP has grown into a leading provider of pawn loans in the United States and Latin America. It also sells merchandise, primarily collateral forfeited from pawn lending operations and used merchandise purchased from customers. We are dedicated to satisfying the short-term cash needs of consumers who are both cash and credit constrained, focusing on industry-leading customer experience. EZCORP is traded on NASDAQ under the symbol EZPW and is a member of the Russell 2000 Index, S&P SmallCap 600 Index, S&P 1000 Index and Nasdaq Composite Index.
For more information: https://www.ezcorp.com
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