CONN (Nasdaq: CONN) Appoints Interim CEO and President
Monday, February 28, 2022 9:19 AM



CONN'S, Inc. (Nasdaq: CONN), a specialty retailer and provider of consumer finance, has announced that Timothy L. Frank has elected to step down as President and Chief Executive Officer of the Company and has resigned his position as a director of the Company to pursue other opportunities. The Company’s Board of Directors has appointed Theodore M. Wright as the Interim Chief Executive Officer and President of the Company.

Conn’s, Inc. will immediately commence a formal search to identify a permanent Chief Executive Officer.

Mr. Frank has served as President and Chief Executive Officer since June 2009, and has been a member of the board of directors since November 2008.

Mr. Frank served as the Company’s President beginning in April 2006, and has previously served as the Company’s Chief Operating Officer, Senior Vice President, Retail.

Mr. Frank expressed his thanks to the Company and its Board, saying “Conn’s has represented an incredible opportunity for me and my family. At this time, however, I intend to focus on my desire to pursue entrepreneurial opportunities with earlier growth stage businesses. I am confident in Conn’s executive team, including key leaders who have been with the Company for many years, and the Company’s dedicated and customer focused associates.”

Mr. Wright has served on the Company’s Board of Directors, Audit Committee and Compensation Committee since 2003 and was elected the Chairman of Board in December 2010. He has also served as Chairman of the Company’s special committee formed in connection with its recent debt refinancing. Mr. Wright retired in 2004 as President of Sonic Automotive, Inc., a New York Stock Exchange listed and Fortune 300 automotive retailer.

The shares of CONN (Nasdaq: CONN) last traded at $4.54, ended February 25, 2011.

 


 

Sponsors

Advertisement


Advertisement