Cash America Says Daniel Feehan To Continue Serving As CEO Until Oct. 31

(RTTNews) - Cash America International, Inc. (CSH) said Monday that its President and Chief Executive Officer, Daniel Feehan, has agreed to continue serving as the company's Chief Executive Officer until October 31, 2015.

In July 2014, the company said that Feehan was planning to retire as President and Chief Executive Officer on April 30, 2015.

Feehan has also agreed to remain employed by the company until April 30, 2020 to serve in a non-officer advisory role following his retirement from the role of Chief Executive Officer.

Feehan will remain on the company's Board of Directors following his retirement on October 31, 2015 and will serve as Executive Chairman of the Board from November 1, 2015 through October 31, 2016 and then will serve as the non-executive Chairman of the Board from November 1, 2016 through April 30, 2020, subject to his re-election to the company's Board each year by the company's shareholders.

Jack Daugherty, the company's founder and current Chairman of the Board, will continue to serve as Chairman until November 1, 2015, at which time he will step down as Chairman but will continue to serve on the Board.

The company also said that current Executive Vice President and Chief Operating Officer, T. Brent Stuart, will assume the role of President and Chief Operating Officer as of May 1, 2015. At that time, Feehan will step down as the company's President, but he will continue to serve as the company's Chief Executive Officer.