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Cash Store Financial announces departures of CEO, CFO and 3 senior VPs

– canadianbusiness.com

EDMONTON – The Cash Store Financial Services Inc. (TSX: CSF) has announced sweeping changes in its executive offices and the lender of last resort seeks to reorganize under the Companies’ Creditors Arrangement Act.
Edmonton-based Cash Store says effective immediately CEO Gordon Reykdal and president and chief operating officer Kevin Paetz are among top executives no longer with the company.
Also gone from the executive offices are Halldor Kristjansson, senior executive vice-president, banking and credit; Barret Reykdal, senior vice-president, retail financial services, and Michael Thompson, senior vice-president, corporate affairs
The company says its has also terminated services agreements with Bill Johnson and Dean Ozanne, two others who have held senior posts.
“Over the course of the next week the chief restructuring officer, William Aziz, will be working with members of the Cash Store Financial management team to implement a revised leadership structure,” the company said in a news release…

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