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Franchise News - Cash Converters UK Chief Executive
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07/10/09
Cash Converters UK appoints new Chief Executive
Cash Converters, the UK’s number one retailer of pre-owned goods and financial services provider, has appointed David Patrick as its new chief executive.
With over 30 years experience with leading retail businesses, David will take overall responsibility for the strategic direction of Cash Converters UK.

Launched in Australia in 1984, Cash Converters has grown exponentially with representation in 21 countries worldwide and to a network of close to 500 franchised stores. The company currently has 140 stores in the UK.

David, 54, was managing director of Barratts, the footwear company, for four years until Spring 2008, overseeing 180 stores and 150 concessions. Previous experience includes chief executive positions at All:Sports Retail Ltd and JD Sports Plc.

David said: “I am very pleased to be stepping into this role with Cash Converters. This is an exciting business with many services on offer to meet the needs of its customers. I am very much looking forward to working with the franchisees and ensuring that the growth of the business continues while we never lose sight of the needs of our customers.”

Commenting on David’s appointment, Peter Cumins, managing director of Cash Converters International, said: “I am delighted that David has accepted this position. A retailer through and through, his track record of success is combined with a competitive approach and intense desire to achieve results.

“As a respected high street and online retailer and with David at the helm, Cash Converters is well placed to go from strength to strength.”

Cash Converters provides consumers with a modern, clean, professional and convenient environment in which to sell used or unwanted goods for instant cash. Stores also offer a place to shop for pre-owned bargains, plus a range of financial services including pawnbroking, cheque cashing and salary advance.

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