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From Home Furnishing Business

Aaron’s Promotes Jarnagin to President of Woodhaven Furniture

Rent-to-own major Aaron’s Inc. (NYSE: AAN) has promoted Michael Jarnagin to president of its Woodhaven Furniture unit.

Woodhaven Furniture, known as MacTavish Furniture until 2010, produces furniture and bedding for Aaron’s stores and some larger retailers outside the Aaron’s network.

Jarnagin has deep roots at Woodhaven and Aaron's, having been recruited by Aaron's founder Charlie Loudermilk as plant manager of MacTavish Furniture in 1984. In recent years, he has been Woodhaven’s vice president of manufacturing.

As vice president of manufacturing, Jarnagin doubled the number of bedding factories and bedding revenue for the company, and has been working aggressively to expand the availability of Woodhaven furniture beyond Aaron's retail stores. He also implemented the Retail Partner program, an initiative that continues to grow with both the Woodhaven and Aaron's brands.

"Mike's experience, creativity and leadership skills make him the ideal choice to be the president of Woodhaven Furniture Industries," said John Robinson, CEO of Aaron's, Inc. "While continuing our tradition of making high-quality furniture, he has taken significant steps to ensure that Woodhaven offers different styles to meet our customers' changing needs."

Jarnagin's leadership includes taking the initiative to create environmentally responsible manufacturing practices at Woodhaven. Notably, Woodhaven has developed innovative ways to recycle scrap materials, use sustainable wood products in furniture, reduce the use of light fixtures in manufacturing plants and use excess wood waste for heating.

"I'm truly appreciative of the opportunity to lead Woodhaven Furniture Industries," Jarnagin said. "Aaron's has been incredibly supportive of the Woodhaven division which makes this next step all the more exciting."



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