Ezcorp Elects William Love As Non-Executive Chairman

(RTTNews) - Ezcorp Inc (EZPW), a provider of specialty consumer financial services, said Wednesday it has elected William Love to the position of non-executive chairman of the board.

Love has served as an independent director of Ezcorp since October 2008 and has been serving as lead director since September 2013. He also serves as chair of the board's Audit Committee.

The company also announced that it will terminate its advisory services arrangement with Madison Park LLC, effective June 19. Madison Park, a business and financial advisory firm owned by Phillip Cohen, the beneficial owner of all of the company's outstanding Class B Voting Common Stock, was engaged to provide advisory services related to Ezcorp's business and long term strategic plan through September 2014.

Also the company said its board has decided to make the Governance Committee, consisting of independent directors, a permanent board committee.