Beaumont, Texas — Tim Frank has succeeded his father Tom as CEO of Conn’s as part of a previously planned succession strategy.
The elder Frank, who has retired but maintains a seat on the board, handed off his chairman’s title to longtime senior exec Dr. Bill Nylin.
Tim Frank will retain his post as president. He previously served as COO, retail senior VP, special projects VP, and directors of advertising, credit, legal collections and direct marketing.
Nylin, who holds a doctorate in computer sciences from Purdue University, previously served as executive vice chairman, COO and president
“We are very fortunate to have had the opportunity to work with Tommy as he built the management team that is in place today,” said the younger Frank. “We are grateful for his contributions to the company over the past 51 years and look forward to continuing to receive his guidance and counsel as he moves into his new role.”
The retailer, which is being sued by the Texas attorney general for deceptive warrantee practices, will report its first-quarter earnings tomorrow.