World Acceptance Corporation has replaced its chief executive in a leadership change that takes effect immediately.
The company said the board appointed Janet Matricciani as interim president and CEO on April 13, 2026, after the resignation of R. Chad Prashad, who stepped down as president, CEO and board member to pursue other opportunities. The board has started a search for a permanent chief executive.
Matricciani is not new to the company. She previously served as CEO and is being brought back to lead during the transition. The board said she previously oversaw a “period of significant transformation,” including systems changes and operational improvements.
The move comes as World Acceptance continues to operate a business with more than 1,000 community-based branches across 16 states and serves more than one million customers a year. The company, founded in 1962 and headquartered in Greenville, South Carolina, provides personal installment loans and tax preparation services.
No financial results or operating metrics were included in the announcement beyond the leadership change. Following these announcements, the company's shares moved 2.47%, and are now trading at a price of $130.67. Check out the company's full 8-K submission here.
