Advance America Appoints James Ovenden as CFO and EVP

Advance America, Cash Advance Centres, a provider of non-bank cash advance services, has appointed James Ovenden as chief financial officer (CFO) and executive vice president (EVP), effective 23 May 2011. Ovenden has extensive financial and executive experience across a wide spectrum of industries.

Since 2002, Ovenden has been the principal consultant with CFO Solutions of SC, a financial consulting business for middle market companies. From May 2009 to September 2010, he was the CFO of AstenJohnson Holdings, a manufacturer of paper machine clothing, specialty fabrics, filaments and drainage equipment. In May 2004, he became a founding principal of OTO Development, a hospitality development company, where he served as CFO until December 2007.

Ovenden also served as CFO, secretary and treasurer of Extended Stay America, from January 2004 until May 2004, when the company was sold. From 1987 until 2002, he was employed by CMI Industries, and served as CFO and EVP from 1993 until 2002. He began his career with Peat Marwick in 1984. He is a Magna Cum Laude graduate of Furman University and received his certificate of public accounting (CPA) in 1987.

Ovenden currently serves on the board of directors of Flagstar Bancorp and Haights Cross Communications, and previously served as a director and chairman of the audit committees of The Polymer Group (2003-2011) and Insight Health Services Holdings (2007-2011).


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