Aaron’s has repositioned its senior leadership team. Last week, the company announced that its Progressive Leasing business has initiated a test of a virtual lease-to-own operation with Wal-Mart in 100 stores.
In the leadership reshuffle, according to the retailer:
Gilbert Danielson is stepping down as CFO. He will remain evp, serving as a senior advisor to the leadership team and managing certain strategic projects until his retirement at year’s end.
Steven Michaels, president, becomes Aaron’s CFO and president of strategic operations. He will supervise key business functions including e-commerce, franchising, information technology, business development and manufacturing.
Douglas Lindsay, former evp and COO of ACE Cash Express, is appointed president of Aaron’s sales and lease ownership. He will oversee Aaron’s store-based business, comprised of more than 1,200 company-operated stores and over $2 billion in revenues, with responsibility for operations, marketing, merchandising and real estate.
Robert Kamerschen, evp, general counsel and corporate secretary, will take on the role of chief administrative officer. His responsibilities include legal, compliance, corporate governance, risk management, government relations, external affairs, privacy and physical security.
Tristan Montanero, svp/operations, becomes COO of Aaron’s sales and lease ownership. He will have responsibility for company-operated store operations and field employees, as well as the HomeSmart division.
Ryan Woodley will continue to serve as CEO of Progressive Leasing, the virtual lease-to-own company Aaron’s acquired in 2014. He remains responsible for overseeing Dent-A-Med, a subsidiary of Progressive, which Aaron’s acquired in 2015.
With the exception of Lindsay, who will join Aaron’s on February 1, the appointments become effective February 18. Michaels, Lindsay, Kamerschen and Woodley report to Aaron’s CEO John Robinson. Montanero reports to Lindsay.
“We have a talented senior leadership team in place which combines the institutional knowledge of Aaron’s with new perspectives and relevant outside expertise,” said Robinson. “We believe this team has the passion, skills and experience to continue driving Aaron’s forward and ensure long-term success.”