- Push-out Score determined
- After about a year and a half in the position
- Praise, thanks and good wishes for Kulas
- Lachlan P. Given and John Blair Powell taking over temporarily
(exechange) — Austin, Texas, January 13, 2022 — Jason Kulas, chief executive of Ezcorp, leaves. As announced by Ezcorp Inc. in a news release on Thursday, January 13, 2022, Jason A. Kulas leaves his post as chief executive officer at the provider of pawn transactions in the United States and Latin America, after about a year and a half in the role, effective immediately.
Jason Kulas’s duties as CEO will be taken over temporarily by Lachlan P. Given and John Blair Powell, most recently Chief Strategy, M&A and Funding Officer (Lachlan P. Given); and President, Global Pawn (John Blair Powell) at Ezcorp Inc., as co-Interim Chief Executive Officers.
“Has accepted a position at another company”
Jason Kulas’s departure from the CEO post is explained as follows. Ezcorp said: “Jason A. Kulas has resigned from his position as Chief Executive Officer and has accepted a position at another company.”
Precise information regarding Jason Kulas’s future plans was not immediately available.
Share price increase since July 2020
The announcement follows an increase in Ezcorp Inc.’s share price of 21% since July 2020. July 2020 is the month in which Kulas’s tenure as CEO began.
In the position of CEO since 2020
Jason Kulas became CEO of the Company in 2020.
Kulas will assist with a smooth transition of the CEO duties and responsibilities, and will continue as a member of the Company’s Board of Directors.
Kulas was the Company’s Chief Executive Officer, having been promoted into that position in July 2020 after joining the Company in February 2020 as President and Chief Financial Officer.
He first became associated with the Company in April 2019 when he was appointed as an independent member of the Board of Directors.
While an independent director, he served on the Audit Committee and the Nominating Committee. Kulas resigned from the Board of Directors when he joined the Company as an executive in February 2020, and was reappointed to the Board in connection with his appointment as Chief Executive Officer.
Prior to joining the Company as an executive, Kulas spent over 25 years in financial analysis, investment banking and executive-level finance and operations roles with a variety of companies, most recently Santander Consumer USA Inc., a NYSE-listed auto finance company, where he served as Chief Executive Officer and a director from 2015 to 2017, President from 2013 to 2015, Chief Financial Officer from 2007 to 2015 and a director from 2007 to 2012.
Prior to joining Santander Consumer USA, Kulas was a Managing Director in Investment Banking with J.P. Morgan Chase & Co. (1995 to 2007), where he managed JPMorgan’s South Region investment banking office.
He has also served as an Adjunct Professor of Marketing at Texas Christian University (1997 to 1999); Securities Analyst at William C. Connor Foundation – TCU Educational Investment Fund (1994 to 1995); and an intern and Financial Analyst at Dun & Bradstreet (1993 to 1995).
Kulas received an MBA with a concentration in Finance and Marketing from Texas Christian University in 1995 and a Bachelor of Arts degree from Southern Methodist University in 1993.
He currently serves as Non-Executive Chairman of the Board of Cash Converters International Limited and as an advisor to Warburg Pincus International LLC.
He has been involved in a variety of civic and philanthropic activities, including the Salesmanship Club of Dallas, Momentous Institute, Exchange Club of East Dallas, Dallas Citizens Council, Baylor Scott & White Dallas Foundation and Art House Dallas.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Jason Kulas’s move on a scale of 0 to 10.
exechange reached out to Ezcorp and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 3.2022 ($).