ATLANTA, Aug. 11, 2015 /PRNewswire/ -- Aaron's, Inc.
(NYSE: AAN), a leader in the sales and lease ownership and
specialty retailing of furniture, consumer electronics, home
appliances and accessories, today announced that Curt Doman, Chief Technology Officer and
Co-Founder of Progressive Leasing, has been appointed to the
Aaron's, Inc. Board of Directors. The Company also announced that
David Kolb and Brian Kahn are departing the Board.
Ray Robinson, Chairman of
Aaron's, Inc. Board of Directors, said that Doman's entrepreneurial
experience and vision will be a strong addition to the Board. "Curt
pioneered the virtual lease-to-own business with the co-founding of
Progressive Leasing in 1999," Robinson said. "He has a deep
understanding of technology, and he's used that to bring innovation
to businesses that serve credit-constrained customers. Curt built
the proprietary systems that form the core of Progressive, and his
leadership helped grow it into the premier virtual lease-to-own
company," said Robinson.
"As we look forward to welcoming Curt, we also want to
acknowledge the contributions that Dave and Brian made during their
time on the Board," Robinson said. "Dave has been
contemplating retirement for some time, and we sincerely appreciate
his commitment and his nearly 12 years of dedicated service to
Aaron's and our Board. We wish him well. We also appreciate
Brian's insights on our Board as Aaron's has continued to pursue
the successful transformation of its business over the past
year. We wish Brian all the best," Robinson further
said.
"The addition of Curt to the Board is significant and timely for
Aaron's," said Kahn, the founding and managing member of Vintage
Capital Management. "Progressive has exceeded Aaron's expectations.
As the division starts to contribute a larger share of revenues and
profits, it's important that the Board has the skill sets necessary
to achieve our goals. Curt's experience will be invaluable to
Aaron's over the long term. CEO John
Robinson has done a great job instituting operational
improvements across the organization. That work is just beginning
to bear fruit, and I am confident today's announcement will help
Aaron's continue on that path."
About Aaron's, Inc.
Aaron's, Inc. (NYSE: AAN), a
leader in the sales and lease ownership and specialty retailing of
furniture, consumer electronics, home appliances and accessories,
currently has more than 2,000 Company-operated and franchised
stores in 48 states and Canada.
Aaron's was founded in 1955, is headquartered in Atlanta and has been publicly traded since
1982. Progressive Leasing, a wholly owned subsidiary and leading
virtual lease-to-own company, provides lease-purchase solutions
through approximately 16,000 retail locations in 46 states.
Aaron's, Inc. includes the Aarons.com, ShopHomeSmart.com and
ProgLeasing.com brands. For more information, visit
www.aarons.com.
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SOURCE Aaron's, Inc.