Conn’s, Inc. has slated Norman Miller, the company’s president and chief executive officer, to succeed Theodore Wright as chairman of the board, effective as of the conclusion of Wright’s current term ending in May 2016.
The appointment of Miller as chairman culminates the succession plan that began in September 2015 with the appointment of Miller as the company’s new president and CEO, and the transition of Wright to executive chairman. In February, Wright transitioned from executive chairman to non-executive chairman.
“We are pleased with the results of the board’s succession plan, assuring a smooth leadership transition,” said Bob Martin, Conn’s lead independent director. “The board looks forward to Norm’s continued leadership and vision to the future as he positions the company for future success and enhanced shareholder value.”
He continued, “Theo’s knowledge and experience have been invaluable to the organization, and we will always be grateful for his contributions, vision and leadership. During his tenure, Theo oversaw the growth of the business, including the expansion into new markets and more diversified product offerings for our customers. His commitment and dedication have helped shape the company to become what it is today and position it for future growth and success.”