Rent-A-Center CEO Robert Davis Resigns

(RTTNews) - Rent-A-Center Inc. (RCII), the nation's largest rent-to-own operator, announced the resignation of Robert Davis as Chief Executive Officer and director effective immediately.

The Board Chairman Mark Speese, the Company's founder and former chief executive officer, will serve as interim CEO of the Company until a permanent successor has been named.

The Board of Directors announced that it will conduct a search process to find a highly qualified candidate for CEO.

Mr. Speese has served as the Company's Chairman of the Board since October 2001 and as a Board director since 1990. He served as the Company's Chief Executive Officer from October 2001 until January 2014. Mr. Speese previously served as Vice Chairman from September 1999 until March 2001. From 1990 until April 1999, Mr. Speese served as President, and he also served as Chief Operating Officer from November 1994 until March 1999.