Cash Store Financial Services Inc. is the only broker of short-term advances and provider of other financial services in Canada publicly traded on the Toronto Stock Exchange (TSX: CSF). The Company also trades on the New York Stock Exchange (NYSE: CSFS). Founded in 2001 in Edmonton, Alberta under the name of Rentcash Inc., the Company is driven by a dynamic workforce, a performance-based culture, and a commitment to strong business fundamentals. Cash Store Financial also operates branches in the UK under the banner, The Cash Store(UK). Cash Store Financial employs 2,400 associates nationwide.
CSFS today announced that the Board of Directors will separate the roles of Chairman and Chief Executive Officer prior to the Company’s Annual General Meeting for fiscal 2013, which will be held in early 2014. The Board of Directors’ decision to separate the roles was based upon its careful consideration of the Company’s current stage of growth and development, input from its shareholders, and to further align Cash Store Financial with corporate governance best practices.
Mr. Gordon Reykdal, Cash Store Financial Services’ Chairman and Chief Executive Officer, commented:
We appreciate the feedback and participation we have received from our shareholders. We will begin our search process and look forward to finding an individual who will add to the depth and strength of our Board. This change will also allow me additional time to focus on the growth and operations of the Company.
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