Management ChangeJul 22, 2026, 06:02 AM
FirstCash Announces CEO Transition: Wessel to Executive Chair, Stuart to CEO
AI Summary
FirstCash Holdings, Inc. announced planned senior leadership transitions as part of its long-term succession planning. Rick L. Wessel, current CEO, will transition to Executive Chairman, effective January 1, 2027. T. Brent Stuart, current President and COO, will become CEO and President on the same date, and has been added to the Board of Directors immediately. Daniel R. Feehan will retire as Chairman but remain a Board member. The company anticipates entering into new three-year employment agreements with Mr. Wessel, Mr. Stuart, and CFO R. Douglas Orr in January 2027.
Key Highlights
- Rick L. Wessel transitions to Executive Chairman, effective January 1, 2027.
- T. Brent Stuart becomes Chief Executive Officer and President, effective January 1, 2027.
- Mr. Stuart appointed to the Board of Directors immediately.
- Daniel R. Feehan retires as Chairman, continuing as a Board member.
- New three-year employment agreements anticipated for Wessel, Stuart, and Orr in January 2027.
- Under Wessel, FirstCash grew to over 3,300 global locations.
- Company achieved annualized revenues over $4 billion and market capitalization of approximately $10 billion.
Price Impact
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