Aaron's Allen to Retire

Ron AllenRon Allen

ATLANTA-Ron Allen, CEO of Aaron's, will retire on Aug. 31.

On that date, the 72-year-old Allen will also leave his post on the retailer's board of directors. The board has retained Spencer Stuart, an executive recruiting firm, to assist in the search for Allen's successor. According to an Aaron's statement, "The search process will include a full review of both internal and external candidates."

Allen has served on the Aaron's board since 1997. He was named interim CEO in November 2011, succeeding Robert C. Loudermilk Jr., and was named chairman, president and CEO in February 2012. Earlier this year, Ray Robinson succeeded Allen as chairman, and Steve Michaels was named president.

Prior to joining the board, Allen was chairman and CEO of Delta Airlines.

Robinson said, "Under (Allen's) leadership, we have strengthened our management team and operating practices and procedures, and believe the corporate infrastructure is now in place to enable Aaron's to build on its strong foundation for growth."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.