ATLANTA, April 25, 2013 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, announced today that David L. Buck has been named Chief Operating Officer. Ken Butler, age 60, will be retiring as COO after a 39-year career at Aaron's effective May 1. He will also resign from the Aaron's Board of Directors.
"Dave knows every facet of Aaron's operationally, having learned this through his lengthy career at Aaron's," said Ronald W. Allen, Aaron's Chairman, President and Chief Executive Officer. "He is an excellent choice to lead Aaron's long-tenured and deep management team supervising our stores. We're very excited to name Dave as the COO and look forward to his leadership in his new role."
Buck, age 63, was promoted to Senior Vice President, Operations earlier this year. He has risen steadily through the Aaron's management development program during his 24 years with the company. Buck began his career with Aaron's in 1989 as Manager Trainee and then Store Manager. Within a two-year period, he was promoted to Regional Manager and subsequently Regional Vice President and Operational Vice President. He has won numerous "Region of the Year" awards and recently secured his second consecutive "Best Overall Operations" award for 2012. For 15 years prior to joining Aaron's, Buck handled operations for several other rent-to-own companies.Regarding Butler's long-standing service to Aaron's, Allen said, "Ken has truly been part of the DNA of Aaron's and has helped lead the drive for operational excellence amid tremendous growth over the past four decades. The entire company thanks him for his non-stop dedication to creating a nationally-recognizable brand and helping many of Aaron's customers achieve their goal of obtaining brand-name products through our revolutionary lease-to-own model."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts