Ezcorp Inc., which offers pawn and payday loans, said Monday it named John Thedford president of its Ezpawn Worldwide division.
Thedford founded Value Financial Services, doing business as Value Pawn, in 1994. Ezcorp announced earlier this month it was buying Value Financial for $110 million, making it the biggest pawnshop operator in Florida. Thedford will continue to serve as chief executive of Value Financial upon the close of the acquisition.
Thedford will also join Ezcorp's executive committee.
In midday trading, shares of the company added 48 cents, or 3.7 percent, to $13.33.
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