ACE Cash Express Announces New Chief Operating Officer, General Counsel

Jan 18, 2016, 11:22 ET from ACE Cash Express, Inc.

DALLAS, Jan. 18, 2016 /PRNewswire/ -- ACE Cash Express, Inc., a leading retailer of financial services, announces the promotion of Ted Eades to Chief Operating Officer and RB Ramsey to Senior Vice President, General Counsel and Secretary.

Douglas Lindsay, ACE's former Chief Operating Officer, is relocating to his hometown of Atlanta, Georgia with his family to pursue a new opportunity.

"Douglas has been an incredible operator, a trusted advisor and a great friend to my colleagues and me," said Jay Shipowitz, CEO of ACE Cash Express. "We wish Douglas and his family the very best in Atlanta."

Mr. Eades has been with ACE for 9 years and most recently served as ACE's Executive Vice President, Chief Administrative Officer and General Counsel. During his tenure, Mr. Eades has also been responsible for running ACE's eCommerce operations. In his new role, Mr. Eades will be responsible for all operations – retail storefront and eCommerce.  Mr. Eades has his law degree and MBA from Southern Methodist University.

Mr. Ramsey joined ACE in July 2011 as Senior Counsel and was promoted to Vice President and Deputy General Counsel in March 2013. Mr. Ramsey's extensive legal knowledge and expertise in the field of financial services made him the ideal candidate to serve as ACE's General Counsel. Prior to joining ACE, Mr. Ramsey was a Corporate Associate at Weil, Gotshal & Manges LLP for 8 years.

"I am grateful to have executives ready to fill these important positions at ACE. Ted has worked tirelessly on building an exceptional legal and compliance team, and most recently he has made very strong contributions to our eCommerce business. He is well suited to be our next COO. RB's background both at ACE and prior to ACE allows us to confidently promote him to General Counsel. While we will miss Douglas, we are in a strong position with Ted and RB in their new roles," said Shipowitz.

Mr. Eades and Mr. Ramsey will assume their new roles as Chief Operating Officer and General Counsel effective immediately.

About ACE Cash Express
ACE Cash Express, Inc. is a leading retailer of financial services, including payday loans, installment loans, title loans, check cashing, bill payment, wire transfer, money orders and prepaid debit card services.  ACE is the largest owner and operator of check cashing stores in the United States and the second largest owner and operator of short-term consumer loan stores in the United States. ACE focuses on serving consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to financial services. For additional information about ACE Cash Express, visit
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SOURCE ACE Cash Express, Inc.