AUSTIN, Texas, May 3 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW) announced today that Mark Kuchenrither has joined the company as Senior Vice President, Strategic Development. In this role, Kuchenrither will be responsible for the development of long-term strategy, including global expansion, acquisitions and new products, processes and formats. Kuchenrither will also be responsible for the development of global marketing, branding and digital strategies.
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Kuchenrither was previously Vice President of Operations for Sun Capital Partners, a leading private equity firm, where he led profit improvement processes for nine portfolio companies. These companies operated in a variety of industries and in multiple companies, and had annual revenues ranging from $80 million to $2 billion. Kuchenrither served on the board of directors of each of these companies and played major roles in recruiting and hiring senior executives.
Kuchenrither began his business career in 1991 with Johnson Controls and, immediately prior to joining Sun Capital in 2007, served as Vice President and Chief Financial Officer of Arch Aluminum & Glass Company, a $350 million manufacturer and distributor of glass and aluminum products, where he was responsible for finance, manufacturing operations and human resources.
Kuchenrither holds a bachelors degree in business administration from The Ohio State University, a bachelors degree in mechanical engineering technology from Franklin University and MBA from Quincy University.
Paul Rothamel, President and Chief Operating Officer of EZCORP, said, "We are extremely pleased to have Mark as a member of our senior executive team. Mark brings substantial experience in the areas of strategy, operations, finance and international business. He is a proven change leader who will be instrumental to our continued success."
About EZCORP
EZCORP is a leading pawn store operator and provider of specialty consumer financial services. It provides collateralized non-recourse loans, commonly known as pawn loans, and a variety of short-term consumer loans, including payday loans, installment loans and auto title loans, or fee-based credit services to customers seeking loans. At its pawn stores, the company also sells second-hand merchandise, primarily collateral forfeited from its pawn lending operations.
At March 31, 2010, EZCORP operated 450 pawn stores in the U.S. and Mexico and 482 short-term consumer loan stores in the U.S. and Canada. The company also has significant investments in Albemarle & Bond Holdings PLC (ABM.L), one of the U.K.'s largest pawnbroking businesses with over 120 stores, and Cash Converters International Limited (CCV.L and CCV.AUS), which franchises and operates a worldwide network of over 500 financial services and second-hand retail stores.
For additional information, contact Investor Relations at (512) 314-2220.
SOURCE EZCORP, Inc.
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