Business
Rent-A-Center, Inc. Announces Executive Leadership Changes to Further Position Company for Long-Term Success
Creates New Roles for EVP Preferred Lease and EVP Rent-A-Center Business and Welcomes New General Counsel Investments in People Reinforce Strategy to Expand
About this update from Upbound Group, Inc.
[{"type":"text","content":"\n Creates New Roles for EVP Preferred Lease and EVP Rent-A-Center Business and Welcomes New General Counsel\n\n\nInvestments in People Reinforce Strategy to Expand Customer Base\n\n PLANO, Texas--(BUSINESS WIRE)--\nRent-A-Center, Inc. (the \"Company\" or \"Rent-A-Center\") (NASDAQ/NGS: RCII) today announced executive leadership changes to further position the Company for long-term success.\n\n\n“During the last several months, we have demonstrated our ability to adapt, innovate, and execute quickly to serve customers’ essential needs. We’ve sharpened our operational focus to drive profitability, and we’ve added new customers via our digital channels. Our business is resilient and sales trends remain strong,” said Mitch Fadel, Chief Executive Officer, Rent-A-Center, Inc.\n\n\n“As we look forward, we believe we are well positioned to grow the business, and we’re continuing to invest in strategic initiatives that improve the customer experience,” continued Mr. Fadel. “The organizational changes we are announcing today support our strategy to expand each of our businesses and further position Rent-A-Center for long-term success.”\n\n\nJason Hogg is joining the Company on June 22nd as Executive Vice President, Preferred Lease. Mr. Hogg was most recently the CEO of Aon Cyber Solutions, where he oversaw global operations. Mr. Hogg has a proven track record as a leader and innovator in financial services and financial technology. Prior to Aon, he served as the CEO of Blackstone’s B2R Holdings, L.P., where he led the organization to its first $1 billion in loans. He was also Founder, President and CEO of Revolution Money, Inc., an alternative payment company that was acquired by American Express; Mr. Hogg served as a President of American Express’ Serve Enterprise division post the acquisition.\n\n\nAs EVP of Preferred Lease, Mr. Hogg will be responsible for driving growth strategies at Preferred Lease, including partnering with national accounts, strengthening brand positioning and improving profitability. The pandemic has accelerated channel shifts at traditional retail, and Preferred Lease plays an important role to drive solutions that help new and existing retail partners increase revenues.\n\n\nRon Schoolcraft, Senior Vice President of Operations Preferred Lease, will advance to take over full operational responsibility for Prefer...