– USA, TX – Rent-A-Center, Inc. (NASDAQ: RCII), a leader in the lease-to-own industry, today announced the appointment of Glenn Marino to the Board of Directors and Paul Hamilton as Vice President of National Accounts for Preferred Lease.
“Glenn’s extensive knowledge in retail finance, business development and banking will provide a valuable perspective to our Board as we continue to grow our retail partnerships, particularly as it relates to the expansion of our Preferred Lease product,” said Mitch Fadel, CEO. “We are excited to have Glenn Marino join our Board of Directors, underscoring our commitment to growth in the retail partner business.”
Marino was appointed by the Board of Directors to fill a vacancy on the Board and will serve as a Class III director until the Company’s 2021 annual meeting of stockholders.
About Glenn Marino
Marino comes to Rent-A-Center with 40 years of experience in the consumer financial services industry, having most recently served as Executive Vice President, CEO – Payment Solutions and Chief Commercial Officer for Synchrony Financial, Inc., a $21 billion financial services company. Prior to the spin-off in 2014 of Synchrony by General Electric Corporation, Mr. Marino was an executive with the North American retail finance business of General Electric, serving as CEO – Payment Solutions and Chief Commercial Officer from 2012 – 2013, and CEO – Sales Finance from 2001 to 2011.
“Rent-A-Center has established itself as a leader in its industry,” said Marino. “I am very pleased to be joining the Board of Directors and I look forward to working with Mitch and the rest of the Board and management team to further enhance the brand’s strength with the launch of Preferred Lease and expansion of the retail partner business.”
About Rent-A-Center, Inc.
A rent-to-own industry leader, Plano, Texas-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 2,100 stores in the United States, Mexico and Puerto Rico, and approximately 1,100 Acceptance Now kiosk locations in the United States and Puerto Rico, and Merchants Preferred, a virtual lease-to-own provider in the United States. Rent-A-Center Franchising International, Inc., a wholly-owned subsidiary of the Company, is a national franchiser of approximately 340 rent-to-own stores operating under the trade names of “Rent-A-Center,” “ColorTyme,” and “RimTyme.”
For more information: https://www.rentacenter.com
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