Allen Named Aaron's CEO

February 23, 2012  by in UnCategorized   

By Home Furnishings Business in Executive Changes on February 24, 2012

Rent-to-own furniture, electronics and appliance retailer Aaron's Inc. (NYSE: AAN) has named Ronald W. Allen president and CEO.

Allen, who'd been serving as interim CEO, was chairman and CEO of Delta Air Lines from 1987 to 1997, and has been a member of the Aaron's Board since 1997.

"The board has worked closely with Ron as interim CEO and believes he has the experience, energy and business acumen to lead Aaron's into the next era of continued growth and expansion," said Aaron's Chairman R. Charles Loudermilk Sr. "Ron has been an active and vital member of our board of directors for 15 years. We are quite pleased with his commitment to daily involvement at Aaron's while offering his guidance and leadership as president and CEO."

"As a result of the vision and leadership of Charlie and more recently Robin Loudermilk, Aaron's has grown into the great company it is today," Allen said. "As I reflect on what has made Aaron's such a great success, it's clear that Aaron's 57-year heritage of industry leadership, superior business model and execution, and our experienced and motivated management team and associates are the Company's greatest assets. I'm pleased to work alongside all of our associates to help millions of customers choose Aaron's as their specialty retailer of choice."