Cash America Names Operating Chief as New CEO
September 30 2015 - 8:20AM
Dow Jones News
Cash America International Inc. named Chief Operating Officer T.
Brent Stuart as the payday lender's new chief executive, bringing
to a close a search for a successor to its retiring chief that
began more than a year ago.
Mr. Stuart, who takes the helm Nov. 1., has been Cash America's
operating chief since January.
In April, CEO Daniel Feehan delayed his retirement plans by six
months to Oct. 31 as the Fort Worth, Texas-based company's board
continued its search for a replacement. The previous July, the
company had said Mr. Feehan had planned to retire April 30. He has
been CEO since 2000.
Following his retirement, Mr. Feehan will remain employed by the
company through April 2020, serving in a non-officer advisory role.
He will serve as executive chairman from Nov. 1 through October
2016 and then as the nonexecutive chairman through April 2020.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 30, 2015 08:05 ET (12:05 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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