Steven L. Pepper Joins Rent-A-Center, Inc. Board of Directors
PLANO, Texas -- May 09, 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.
David E. Carpenter, 972-801-1214
Vice President of Investor Relations
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