- Former Conn's
chairman/CEO Thomas Frank Sr. has resigned from the company's board of
directors due to ongoing health issues.
His son Tim succeeded him as CEO in June as part of a
previously planned succession strategy, but undisclosed health problems forced
Frank to also hand off his chairman's title to longtime senior executive Dr.
Bill Nylin at that time.
"It is with great
regret that I accept your resignation," Nylin said in a statement. "We thank
you for your great service to this company and acknowledge that you have been
instrumental in building the successful operation Conn's is today."
leadership," Nylin continued, "Conn's has been able to provide outstanding
employment opportunities and benefits for our employees, as well as providing
products and services to our customers that they may not have been able to
obtain otherwise. Your legacy of excellence and performance will remain as the
cornerstone of our culture."
Frank has held every
key management position at Conn's since joining the regional CE and
appliance chain 50 years ago, including
roles in distribution, service, credit, information technology, accounting and
general operations. A board
member since 1980, he holds a B.A. degree in industrial arts from Sam Houston State University,
attended graduate courses at Texas A&M University,
and completed the Smaller Company Management Program (SCMP) at Harvard University.