Cash Store Financial (CSFS) Separates Chairman, CEO Role
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The Cash Store Financial Services Inc. (NYSE: CSFS) 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.
Mr. Gordon Reykdal will continue to hold the positions of Chairman and Chief Executive Officer until a suitable candidate has been selected to be the next Chairman. The Governance and Nominating Committee will undertake the search for a new Chairman. 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 will continue to hold the positions of Chairman and Chief Executive Officer until a suitable candidate has been selected to be the next Chairman. The Governance and Nominating Committee will undertake the search for a new Chairman. 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.
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