Prominent neighborhood businessman George Dean Johnson Jr. stepped straight straight straight down Tuesday as president of Spartanburg-based payday home loan company Advance America Inc., citing individual reasons.
Johnson, 67, of Spartanburg will likely to be succeeded by co-founder and Advance America vice president William Webster.
“we have actually enjoyed my 11-plus several years of solution on Advance America’s board and have now carefully considered my choice to resign,” Johnson said in a declaration. “Advance America is a company that is wonderful so when a shareholder personally i think exceptionally lucky that the organization is with in good arms beneath the leadership of our skilled administration group and wonderful number of directors.”
Johnson and Webster founded the ongoing business in 1997. It offers since grown into one of several country’s largest lending that is payday, with 2,856 facilities and 82 restricted licensees in 35 states, the uk and Canada.
Webster has offered as vice president since August 2005, in which he formerly served given that organization’s CEO from July 1997 until August 2005. He had been president from 2000 until July 2004 january. Continue reading