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Conn’s Board OK’s CEO Succession

3/25/2009 10:51:00 AM Eastern

Beaumont, Texas — The board of directors of Conn’s has approved the appointment of president/COO Timothy Frank as CEO, effective June 2.

 Frank, who was named CEO designate last June, will succeed his father, Thomas Frank, who will remain chairman.

The succession plan was put in place three years ago when Frank was promoted to president from senior retail VP. The move was part of a broader management reorganization that was also designed to support the chain’s rapid expansion.

Frank has served as director of various functions since joining the multiregional retailer in 1995, including advertising, credit, legal collections and marketing, and was later named special projects VP. He became COO in 2007 and joined the board of the appliance, electronics and furniture chain in 2008.