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From Home Furnishing Business

Aaron’s Adds 1 to Board

Rent-to-own specialist Aaron's (NYSE: AAN) has named its chief technology office and cofounder of Progressive Leasing to the board of directors.

Curt Doman takes his seat on the board as David Kolb and Brian Kahn vacate their directorships.

Ray Robinson, Aaron’s chairman, said 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.”

Robinson acknowledged contributions by Kolb and Kahn to the company’s board. 

"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,” he said. “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.”    



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