Content about Aaron's Inc.

August 21, 2014

Rent-to-own chain Aaron's, Inc. has named its current CFO Gilbert L. Danielson to the position of interim chief executive officer, following the retirement of current CEO Ronald W. Allen on Aug. 31.

Atlanta -- Rent-to-own chain Aaron's, Inc. has named its current CFO Gilbert L. Danielson to the position of interim chief executive officer, following the retirement of current CEO Ronald W. Allen on Aug. 31.

Danielson will also retain his CFO responsibilities during the interim period and will not be a candidate for the permanent CEO role, said the company. A formal search, led by Spencer Stuart, is underway and includes a review of both internal and external candidates.
 

 

April 15, 2014

Aaron's Inc. has acquired Progressive Finance Holdings LLC, a merchandise lease-to-own company, from Summit Partners in an all-cash transaction valued at approximately $700 million.

Atlanta -- Aaron's Inc. has acquired Progressive Finance Holdings LLC, a merchandise lease-to-own company, from Summit Partners in an all-cash transaction valued at approximately $700 million. Aaron's expects the transaction to be double-digit accretive to cash earnings per share in 2014 and significantly more accretive in 2015.

November 7, 2011

The president and CEO of Aaron's Inc. has resigned.

New York City -- The president and CEO of Aaron's Inc. has resigned.

Robert C. Loudermilk, the son of the company's founder, announced his resignation Friday afternoon. In a statement, the appliance and furniture-rental company said Loudermilk was leaving due to health reasons. He also resigned from Aaron's board of directors.

Ronald W. Allen, former chairman and CEO of Delta Air Lines, will serve as Aaron's interim president and CEO.