PLANO, Texas--(BUSINESS WIRE)--Mar. 10, 2016--
Rent-A-Center, Inc. (the “Company”) (NASDAQ/NGS: RCII) today announced
that Rishi Garg has been appointed to its Board of Directors.
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Rishi Garg (Photo: Business Wire)
"Rishi’s extensive experience in technology-enabled services, emerging
financial technology, and digital media will provide an important
perspective to our board as we continue to expand our own technology and
e-commerce initiatives," stated Robert D. Davis, Chief Executive Officer
of the Company. “We are excited to have Rishi Garg join our Board of
Directors," Davis said.
"Rent-A-Center has established itself as a leader in its industry,” said
Mr. Garg. "I am very pleased to be joining the Board of Directors and I
look forward to working with Robert and the rest of the Board and
management team to build on the brand’s strength and enhance shareholder
value,” he concluded.
Mr. Garg comes to Rent-A-Center with over fifteen years of experience in
the technology sector having most recently served as Vice President of
Corporate Development and Strategy at Twitter, Inc. Earlier, Rishi
served as the Head of Corporate Development at Square, and prior to that
co-founded and served as Vice President, Business Development at
FanSnap. He holds a B.A. in Economics and an M.S. in Industrial
Engineering and Engineering Management from Stanford University, and
earned his M.B.A. at the Harvard Business School.
Mr. Garg was appointed by the Board of Directors to fill a vacancy on
the Board of Directors and will serve as a Class III director until the
Company's 2018 annual meeting of stockholders.
A rent-to-own industry leader, Plano, TX-based Rent-A-Center, Inc., is
focused on improving the quality of life for its customers by providing
them the opportunity to obtain ownership of high-quality, durable
products 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 2,815
stores in the United States, Mexico, Canada and Puerto Rico, and
approximately 1,975 Acceptance Now kiosk locations in the United States
and Puerto Rico. Rent-A-Center Franchising International, Inc., a wholly
owned subsidiary of the Company, is a national franchiser of
approximately 225 rent-to-own stores operating under the trade names of
"Rent-A-Center," "ColorTyme," and "RimTyme." For additional information
about the Company, please visit our website at www.rentacenter.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160310005914/en/
Source: Rent-A-Center, Inc.
Rent-A-Center, Inc.
Maureen B. Short, 972-801-1899
Senior Vice
President - Finance, Investor Relations and Treasury
maureen.short@rentacenter.com