PLANO, Texas--(BUSINESS WIRE)--May. 9, 2013--
Rent-A-Center, Inc. (the “Company”) (NASDAQ/NGS:RCII), the nation’s
largest rent-to-own operator, announced today that Steven L. Pepper has
been named to its Board of Directors. In 2011, Mr. Pepper retired as
President of Yum Brands Mexico, a position he had held since 2001. Over
the course of his twenty-year career with Yum, Mr. Pepper was
responsible for the company’s businesses in Europe, Africa and Brazil,
as well as serving in key financial positions in the United States and
Latin America. Since 2006, Mr. Pepper also served as a member of Yum’s
Partners Council, a leadership group comprised of the company’s twenty
top executives.
"I am honored that Steven Pepper has chosen to become a member of our
Board of Directors," stated Mark E. Speese, Chairman of the Board and
Chief Executive Officer of the Company. "Steven’s extensive knowledge of
international multi-unit retail operations and experience in
international expansion will provide invaluable insights and
perspectives as we continue to build on our strategic growth
initiatives," Speese said.
"Rent-A-Center has established the leading brand in its industry,” said
Mr. Pepper. "I am very pleased to be joining the Board of Directors of
Rent-A-Center and I look forward to working with Mark and the rest of
the Rent-A-Center Board of Directors and management team to build on
that brand strength as it expands internationally,” he concluded.
Mr. Pepper was appointed by the Board of Directors to fill a vacancy on
the Board of Directors and will serve as a Class I director until the
Company's 2016 annual meeting of stockholders.
Rent-A-Center, Inc., headquartered in Plano, Texas, is the largest
rent-to-own operator in North America, focused on improving the quality
of life for its customers by providing them the opportunity to obtain
ownership of high-quality, durable goods such as consumer electronics,
appliances, computers, furniture and accessories, under flexible rental
purchase agreements with no long-term obligation. The Company owns and
operates approximately 3,111 stores in the United States, Canada, Mexico
and Puerto Rico, and approximately 1,053 RAC Acceptance kiosk locations
in the United States and Puerto Rico. ColorTyme, Inc., a wholly owned
subsidiary of the Company, is a national franchiser of approximately 224
rent-to-own stores operating under the trade name of “ColorTyme.” For
additional information about the Company, please visit www.rentacenter.com.
Source: Rent-A-Center, Inc.
Rent-A-Center, Inc.
David E. Carpenter, 972-801-1214
Vice
President of Investor Relations
david.carpenter@rentacenter.com