Conn's, Inc. Promotes Michael J. Poppe to COO and Hires Brian E. Taylor as CFO
BEAUMONT, Texas--(BUSINESS WIRE)--
Conn's, Inc. (NASDAQ: CONN), a specialty retailer of home appliances,
furniture, mattresses, consumer electronics, computers and lawn and
garden products today announced that its Board of Directors promoted
Michael J. Poppe to serve as the Company's Executive Vice President and
Chief Operating Officer, and appointed Brian E. Taylor to serve as the
Company's Vice President and Chief Financial Officer.
"Mike has been a key contributor to our success and I am looking forward
to working with him as his role changes," commented Theodore M. Wright,
the Company's Chairman and CEO. "We feel very fortunate to have someone
of Brian's caliber join the Company as we develop and strengthen our
management team and prepare for the next phase of the Company's growth."
Mr. Poppe has served as Executive Vice President of the Company since
June 1, 2010, and as Chief Financial Officer since February 1, 2008. In
his new role, Mr. Poppe will be responsible for the Company's credit and
service operations, as well as the Company's human resource and legal
functions. Mr. Poppe served as the Company's Controller, Assistant Chief
Financial Officer and Assistant Treasurer from the time he joined the
Company in September 2004 until February 1, 2008. Prior to his joining
the Company, Mr. Poppe served in various accounting and finance
management positions in public accounting at Arthur Andersen LLP and in
automotive retail companies, including Vice President and Corporate
Controller of Group 1 Automotive, Inc.
Mr. Taylor was appointed by the Company's Board of Directors to the
position of Vice President and Chief Financial Officer, effective April
23, 2012. Mr. Taylor will be primarily responsible for the Company's
accounting, treasury, internal audit and risk management functions. Mr.
Taylor has over 25 years of experience with growing, publicly-traded
companies. He most recently served as Finance Integration Manager for
Schlumberger Limited, after its acquisition of Smith International, Inc.
in 2010. From 1999 through 2010, he served in various financial
management roles with Smith International, Inc., including Corporate
Vice President and Controller. Mr. Taylor also spent two years at Camco
International, Inc. as its Director of Corporate Accounting and
Worldwide Controller. Mr. Taylor began his career at Arthur Andersen
LLP, spending 10 years in its assurance practice. Mr. Taylor is a
certified public accountant and obtained a B.S. in accounting from
Louisiana State University.
About Conn's, Inc.
The Company is a specialty retailer currently operating 65 retail
locations in Texas, Louisiana and Oklahoma: with 22 stores in the
Houston area, 15 in the Dallas/Fort Worth Metroplex, seven in San
Antonio, three in Austin, five in Southeast Texas, one in Corpus
Christi, four in South Texas, six in Louisiana and two in Oklahoma. The
Company's primary product categories include:
Home appliances, including refrigerators, freezers, washers, dryers,
dishwashers and ranges;
Consumer electronics, including LCD, LED, 3-D, plasma and DLP
televisions, camcorders, digital cameras, Blu-ray and DVD players,
video game equipment, portable audio, MP3 players and home theater
Furniture and mattresses, including furniture for the living room,
dining room, bedroom and related accessories and mattresses; and
Home office, including desktop, notebook, netbook and tablet
computers, printers and computer accessories.
Additionally, the Company offers a variety of products on a seasonal
basis, including lawn and garden equipment, and continues to introduce
additional product categories for the home to help respond to its
customers' product needs and to increase same store sales. Unlike many
of its competitors, the Company provides flexible in-house credit
options for its customers, in addition to third-party financing programs
and third-party rent-to-own payment plans. In the last three years, the
Company financed, on average, approximately 61%, including down
payments, of its retail sales under its in-house financing plan.
Conn's, Inc., Beaumont
Mike Poppe, 409-832-1696 Ext. 3294
S.M. Berger & Company
Source: Conn's, Inc.
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