World Acceptance Corporation Names R. Chad Prashad President & Chief Executive Officer and Member of the Board of Directors
Staff Report From Greenville CEO
Friday, June 29th, 2018
World Acceptance Corporation, one of the largest small-dollar installment loan companies in North America, announced the promotion of R. Chad Prashad, current Senior Vice President and Chief Strategy and Analytics Officer, to the position of President and Chief Executive Officer, effective immediately. In addition, on June 27, 2018, the Company’s Board of Directors appointed Mr. Prashad as a member of the Board of Directors, effective immediately.
Mr. Prashad has served as Senior Vice President and Chief Strategy and Analytics Officer since February 2018 and as Vice President of Analytics from June 2014 to February 2018. Previously, Mr. Prashad served as Senior Director of Strategy Development for Resurgent Capital Services from 2013 to 2014 and Director of Legal Strategy for Resurgent Capital Services from 2009 to 2013. Mr. Prashad holds a Bachelor of Arts in Political Science and dual major Bachelor of Science in Business Administration and Economics from Presbyterian College and a Master of Arts in Economics from Clemson University. He has served on the Board of Directors of Fostering Great Ideas, a nonprofit organization, since 2013, serving as Chairman in 2015 and 2016.
In connection with Mr. Prashad’s promotion, the Company terminated the Services Agreement with Mr. James H. Wanserski who served as the Company’s Interim President and Chief Executive Officer since January 22, 2018.
“Chad’s deep understanding of our customer and strategic direction, combined with his connection with our current leadership team, uniquely position him to seamlessly transition into the CEO role and continue our recent success. We are excited about this well-deserved promotion from within our strong executive team and are confident in Chad’s abilities,” said Ken Bramlett, Chairman of the Board.
“I also want to thank Jim Wanserski for his time in the Interim President and CEO role while we searched for a permanent replacement,” said Bramlett.