Conn's, Inc., Announces The Appointment Of Two New Independent Directors

Author:
Publish date:

THE WOODLANDS, Texas - March 24, 2016 - Conn's, Inc. (NASDAQ:CONN), a specialty retailer of furniture, mattresses, home appliances and consumer electronics, and provider of consumer credit, today announced that James Haworth and Oded Shein have been appointed as independent directors effective March 22, 2016. Mr. Haworth and Mr. Shein are filling the vacancies created by the earlier retirement of Jon Jacoby in May 2015 and the resignation of Scott Thompson upon his appointment as Chief Executive Officer of Tempur Sealy International in September 2015.

"Jim and Oded are proven leaders with more than a half century of combined retail experience," said Theodore M. Wright, Non-Executive Chairman of the Board, Conn's. "They add even greater depth to our Board as we continue implementing Conn's strategic plan."

Mr. Haworth - the Chairman of Professional Bull Riders, Inc., since 2012, and its Chief Executive Officer from 2011-2015 - has more than three decades of retail experience including 20 years at Wal-Mart Stores, Inc., where he rose through the ranks to Chief Operating Officer from Assistant Store Manager, and serving as Executive Vice President, President of Retail Services and Transformation Officer at Sears Holding Corporation. He was also Founder and President at Business Decisions Inc., a strategic product-marketing firm, and Chairman, President and Chief Executive Officer of C.P. Lotus Corp., an investment holding company with retail interests in China. Mr. Haworth is a graduate of Central Missouri State University.

Mr. Shein combines more than 20 years of retail leadership with hands-on credit and risk management experience. He is currently Executive Vice President and Chief Financial Officer of Stage Stores, Inc., a Houston-based retailer that operates approximately 830 stores in small- and mid-sized markets under the Bealls, Goody's, Palais Royal, Peebles and Stage names. This followed executive-level finance positions at multi-billion dollar retailers Belk, Inc., and Charming Shoppes, Inc. Previously, Mr. Shein spent five years in various capacities at Spirit of America National Bank, a credit card bank owned by Charming Shoppes. He has a bachelor's degree from Baruch College and an MBA from Columbia University.

"I am pleased Oded and Jim are joining our Board of Directors and know they will contribute to Conn's continued growth and evolution," said Norm Miller, President and Chief Executive Officer, Conn's. "I look forward to working with them during this exciting time for the Company."

About Conn's, Inc.

Conn's is a specialty retailer currently operating over 100 retail locations in 12 states: Arizona, Colorado, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Texas.

Conn's primary product categories include:

 

 

Furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom, as well as both traditional and specialty mattresses;

 

 

Home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges;

 

 

Consumer electronics, including, LED, OLED, Ultra HD and internet ready televisions, Blu-ray players, home theater and portable audio equipment;

 

 

Home office, including computers, printers and accessories.

 Additionally, Conn's offers a variety of products on a seasonal basis. Unlike many of its competitors, Conn's provides flexible in-house credit options for its customers in addition to third-party financing programs and third-party rent-to-own payment plans.

Featured

Related Articles