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News

ACE Cash Express Announces CEO Succession Plan

Thursday 4 December 2003 10:58 CET | News

ACE Cash Express has announced that Jay B. Shipowitz, the Companys current President and Chief Operating Officer, will be appointed Chief Executive Officer on June 30, 2004 when Donald H. Neustadt steps down as the current CEO. Under the succession plan, Mr. Neustadt will continue to serve on ACEs Board of Directors.Mr. Neustadt has served as the Chief Executive Officer of the Company since November 1994 and as a Director of the Company since January 1987. Mr. Neustadt served as the Companys President from November 1994 to December 1999 and as the Companys President and Chief Operating Officer from January 1987 to November 1994. Mr. Shipowitz has served as the President and Chief Operating Officer and as a Director of the Company since January 2000 and as the Companys Senior Vice President and Chief Financial Officer from May 1997 to January 2000. Mr. Shipowitz is a Director and member of the Executive Committee of Financial Service Centers of America, the industry trade association.

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