July 7, 2009 (FinancialWire) — Pawnshop operator EZcorp, Inc. (NASDAQ: EZPW) has promoted Eric Fosse to the new position of president of the firm’s Pawn Americas operation and Joe Borbely as president of its Signature Loans division.
Fosse is a five-year veteran of the company and previously served as president of the signature loan division.
In his new role, Fossee will manage the company’s pawn segments throughout the United States, Mexico and any other new pawn entry areas in the Americas.
company CEO Joe Rotunda said, “In the past three years we have grown our pawn presence by 135 stores, including our entry into Mexico.” He added that, in order to accommodate the company’s growth, “it is important that we strategically structure our organization to provide strong leadership and direction.”
Austin, Texas-based EZCorp operated a total of 898 locations in the U.S. and Mexico as of March 31, consisting of 371 U.S. pawnshops, 45 pawnshops in Mexico and 482 U.S. signature loan stores.
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