Conn's, Inc. Announces Executive Appointments and Transitions
Experienced financial executive
The Company also announced the following appointments:
-
Mark Prior as General Counsel and Corporate Secretary; -
John Davis asChief Credit Officer ; and -
Michael Poppe promoted to President and Chief Operating Officer of Credit and Collections.
"Tom has helped position our financial organization for long-term
success and we are grateful for his contributions," said
Miller continued, "Lee is a proven financial leader with a deep understanding of capital and debt management, and we are thrilled to have him join our leadership team. We are confident his experience in the capital markets and working in the subprime finance industry will enhance our ability to deliver on our growth plans and ultimately drive greater value for our shareholders."
Prior to joining Professional Directional in 2012,
"I'm excited to join a business with such a compelling growth
opportunity and highly motivated leadership team," said
The Company also announced the appointment of
In addition to the three executive appointments,
"We are thrilled with these additions to our team, and confident that their skills and experience will help us execute our near-term turnaround efforts, while building a foundation to achieve our long-term growth objectives and create significant shareholder value," concluded Miller.
About
- Furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom, as well as both traditional and specialty mattresses;
- Home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges;
- Consumer electronics, including LED, OLED, Ultra HD, and internet-ready televisions, Blu-ray players, home theater and portable audio equipment; and
- Home office, including computers, printers and accessories.
Additionally,
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. Such forward-looking statements include
information concerning the Company's future financial performance,
business strategy, plans, goals and objectives. Statements containing
the words "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "plan," "project," "should," or the negative of such
terms or other similar expressions are generally forward-looking in
nature and not historical facts. We can give no assurance that such
statements will prove to be correct, and actual results may differ
materially. A wide variety of potential risks, uncertainties, and other
factors could materially affect the Company's ability to achieve the
results either expressed or implied by the Company's forward-looking
statements including, but not limited to: general economic conditions
impacting the Company's customers or potential customers; the Company's
ability to execute periodic securitizations of future originated
customer loans including the sale of any remaining residual equity on
favorable terms; the Company's ability to continue existing customer
financing programs or to offer new customer financing programs; changes
in the delinquency status of the Company's credit portfolio; unfavorable
developments in ongoing litigation; increased regulatory oversight;
higher than anticipated net charge-offs in the credit portfolio; the
success of the Company's planned opening of new stores; technological
and market developments and sales trends for the Company's major product
offerings; the Company's ability to protect against cyber-attacks or
data security breaches and to protect the integrity and security of
individually identifiable data of the Company's customers and employees;
the Company's ability to fund its operations, capital expenditures, debt
repayment and expansion from cash flows from operations, borrowings from
the Company's revolving credit facility, and proceeds from accessing
debt or equity markets; the ability to continue the repurchase program;
and the other risks detailed in the Company's most recent reports filed
with the
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