Press release from Business Wire
Dollar Financial Corp Bolsters Global Management Team with Hiring of New Chief Information Officer
Thursday, May 20, 2010
Dollar Financial Corp Bolsters Global Management Team with Hiring of New Chief Information Officer08:30 EDT Thursday, May 20, 2010 BERWYN, Pa. (Business Wire) -- Dollar Financial Corp (NASDAQ:DLLR - News), a leading international diversified financial services company primarily serving unbanked and under-banked consumers for over 30 years, announced the appointment of Mike Coury as Chief Information Officer. Mr. Coury brings with him more than 25 years of progressive experience primarily in the financial services sector. Prior to joining Dollar Financial Corp, Mr. Coury was employed with Capital One Financial Corporation from 1998 to 2010. His most recent positions with Capital One were as the CIO of the Auto Division, and the CIO of the Mortgage Division, which was one of Capital One's largest lending divisions. In these roles, Mr. Coury was responsible for developing strong partnerships with the business lines and providing innovative technology solutions that propel the businesses toward achieving their overall objectives. Commenting on the announcement, Jeff Weiss, the Company's Chairman and Chief Executive Officer, stated, “I am very pleased that Mike Coury has joined our senior management team. His background will be highly beneficial as we expand our growing global platform of businesses. Furthermore, his knowledge and expertise in the financial services sector will be invaluable with respect to leveraging new technologies in the deployment of our many products and services around the globe.” About Dollar Financial Corp Dollar Financial Corp is a leading diversified international financial services company primarily serving unbanked and under-banked consumers for nearly 30 years. Its customers are typically service sector individuals who require basic financial services but, for reasons of convenience and accessibility, purchase some or all of their financial services from the Company rather than from banks and other financial institutions. To meet the needs of these customers, the Company provides a range of consumer financial products and services primarily consisting of check cashing, short-term consumer loans, automobile loans and services, pawn lending, Western Union money order and money transfer products, currency exchange, gold buying, reloadable VISA® and MasterCard® branded debit cards, electronic tax filing, and bill payment services. At March 31, 2010, the Company's global store network consisted of 1,178 stores, including 1,054 company-operated financial services stores and 124 franchised and agent locations in the United States, Canada, United Kingdom, Republic of Ireland, and Poland. The financial services store network is the largest network of its kind in each of Canada and the United Kingdom, and in the United States maintains a strong presence in states with favorable regulations. The Company's customers, many of whom receive income on an irregular basis or from multiple employers, are drawn to the convenient neighborhood locations, extended operating hours and high-quality customer service. Additionally, the Company operates an on-line international lending platform whereby customers can obtain short-term loans over the internet. The Company's financial products and services, principally check cashing, money transfer, pawn lending, gold purchasing, and short-term consumer loan programs, provide immediate access to cash for living expenses or other needs. For more information, please visit the Company's website at www.dfg.com.