Cash America International Inc. named Chief Operating Officer T. Brent Stuart as the payday lender's new chief executive, bringing to a close a search for a successor to its retiring chief that began more than a year ago.

Mr. Stuart, who takes the helm Nov. 1., has been Cash America's operating chief since January.

In April, CEO Daniel Feehan delayed his retirement plans by six months to Oct. 31 as the Fort Worth, Texas-based company's board continued its search for a replacement. The previous July, the company had said Mr. Feehan had planned to retire April 30. He has been CEO since 2000.

Following his retirement, Mr. Feehan will remain employed by the company through April 2020, serving in a non-officer advisory role. He will serve as executive chairman from Nov. 1 through October 2016 and then as the nonexecutive chairman through April 2020.

Write to Tess Stynes at tess.stynes@wsj.com

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(END) Dow Jones Newswires

September 30, 2015 08:05 ET (12:05 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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