Shareholders of payday lender Cash Converters International were left to speculate yesterday on the reasons behind the sudden departure of chief executive Mark Reid.The Cash Converters chief, who joined the company in November 2015, resigned with immediate effect on Monday morning.Reid's departure coincided with the release of the full-year profit announcement and left chief operating officer Sam Budiselik to answer media enquiries about the company's performance.Budiselik has been appointed interim CEO of the group.Chairman Stuart Grimshaw gave the outgoing CEO a glowing public reference."Mark has done a terrific job in evaluating the position of the company upon formally taking the role and then successfully moving the company in a direction that is reflected by the current strong financial results," he said."It has taken a lot of time and energy and the commitment he has shown to the company has been first class."The Cash Converters board has begun an executive search for Reid's replacement.