Rent-A-Center Inc. said Tuesday that founder Mark Speese has resigned as chief executive as the company works to quell investor concerns about its performance.
Mr. Speese, who founded the rent-to-own store operator in 1986 and was serving in his second stint as CEO, is the latest person to leave the leadership team in recent months. Steven Pepper stepped down as board chairman in October as the company announced it would suspend its dividend and explore strategic alternatives after reporting lower-than-expected third-quarter results.. . . more