Business
Rent-A-Center Announces New Board Member, Glenn Marino, and Vice President of National Accounts, Paul Hamilton
PLANO, Texas--(BUSINESS WIRE)-- Rent-A-Center, Inc. (NASDAQ: RCII) (“Rent-A-Center” or the “Company”), a leader in the lease-to-own industry, proudly
About this update from Upbound Group, Inc.
[{"type":"text","content":" PLANO, Texas--(BUSINESS WIRE)--\nRent-A-Center, Inc. (NASDAQ: RCII) (“Rent-A-Center” or the “Company”), a leader in the lease-to-own industry, proudly announces the appointment of Glenn Marino to the Board of Directors and Paul Hamilton as our Vice President of National Accounts for Preferred Lease.\n\n\nMarino comes to Rent-A-Center with 40 years of experience in the consumer financial services industry, having most recently served as Executive Vice President, CEO – Payment Solutions and Chief Commercial Officer for Synchrony Financial, Inc., a $21 billion financial services company. Prior to the spin-off in 2014 of Synchrony by General Electric Corporation, Mr. Marino was an executive with the North American retail finance business of General Electric, serving as CEO - Payment Solutions and Chief Commercial Officer from 2012 - 2013, and CEO - Sales Finance from 2001 to 2011.\n\n\n“Glenn’s extensive knowledge in retail finance, business development and banking will provide a valuable perspective to our Board as we continue to grow our retail partnerships, particularly as it relates to the expansion of our Preferred Lease product,” said Mitch Fadel, Chief Executive Officer of Rent-A-Center. “We are excited to have Glenn Marino join our Board of Directors, underscoring our commitment to growth in the retail partner business.”\n\n\n\"Rent-A-Center has established itself as a leader in its industry,” said Marino. \"I am very pleased to be joining the Board of Directors and I look forward to working with Mitch and the rest of the Board and management team to further enhance the brand’s strength with the launch of Preferred Lease and expansion of the retail partner business,” he concluded.\n\n\nMarino was appointed by the Board of Directors to fill a vacancy on the Board and will serve as a Class III director until the Company's 2021 annual meeting of stockholders.\n\n\nLeveraging his 23 years of experience in sales, Hamilton will help drive Preferred Lease’s growth by building strategic partnerships with large, enterprise retail customers. His skills attained over the last 19 years, specifically working as an Enterprise sales executive for consumer lending platforms and services, transitions well into the National Accounts role, allowing him to develop and execute a comprehensive and sustainable sales growth strategy for Preferred ...