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Stuart Grimshaw has traded his current position as head of the Band of Queensland to join Mark Kuchenrither,  who was named president and chief executive of the firm yesterday, to be the executive chairman of pawnshop operator Ezcorp. The market was surprised by Mr. Grimshaw’s resignation as CEO of BoQ, yesterday.

We are dedicated to satisfying the short-term cash needs of consumers who are both cash and credit constrained,” Ezcorp says. The company’s website states, Ezcorp was formed from 16 pawn stores in 1989 and has grown into the market leader in specialty consumer finance.

Grimshaw has told his colleagues that he sees real opportunities in his new position.

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