- Push-out Score determined
- After almost 11 years in the position
- Praise and thanks for Gayhardt
- Doug Clark taking over
- Gayhardt kept it short and said 49 words
(exechange) — Wichita, Kansas, November 15, 2022 — Don Gayhardt, chief executive of Curo, leaves his position. As announced by Curo Group Holdings Corp. in a news release and in a regulatory filing published on Tuesday, November 15, 2022, Donald (Don) Gayhardt leaves his post as chief executive officer at the consumer credit lender, after almost 11 years in the role, effective immediately.
Don Gayhardt’s duties as CEO will be taken over by Doug Clark, most recently President of North America Direct Lending at Curo Group Holdings Corp.
“To pursue other opportunities”
Don Gayhardt’s departure from the CEO post is explained as follows. Curo said that Don Gayhardt “has decided to leave the Company to pursue other opportunities.”
Precise information regarding Don Gayhardt’s future plans was not immediately available.
“Resigned”
Curo said: “Effective November 15, 2022, Mr. Gayhardt resigned from his position as Chief Executive Officer and as a member of the Company’s board of directors and certain subsidiaries of the Company.”
“No disagreement”
“There is no disagreement, known to an executive officer of the Company, as defined in 17 CFR 240.3b-7, between the Company and Mr. Gayhardt on any matter relating to the Company’s operations, policies or practices,” Curo said.
Share price decline since November 2021
The announcement follows a decline in Curo Group Holdings Corp.’s share price of 80% since November 2021.
In the position of CEO since 2012
Don Gayhardt became CEO of the Company in 2012.
Don Gayhardt has served as the Company’s Chief Executive Officer and on the Company’s Board since 2012, and as the Company’s President from 2013 to January 2021.
Prior to joining the Company, Gayhardt served in various capacities at Dollar Financial Corp. (now known as DFC Global Corp.) from 1990 to 2008, including President and a member of the board of directors from 1998 to 2008.
During his time with Dollar Financial, the company expanded from 60 stores to over 1,100 and revenue increased from $14 million to over $550 million.
Since 2008, Gayhardt has been an investor and advisor to a number of finance, financial technology and retail businesses.
Gayhardt currently serves on the board of directors of Katapult Holdings, Inc. (NASDAQ: KPLT) and previously served on the board of directors of Beneficial Bancorp Inc. until 2019 when it merged into WSFS Financial Corporation.
Gayhardt earned his Bachelor of Business Administration degree in Accounting from the University of Notre Dame.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Don Gayhardt’s move on a scale of 0 to 10.
exechange reached out to Curo and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 47.2022 ($).