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Conn's Names Wright CEO

Company posts $12.7 million loss

December 8, 2011 By Stephen Silver
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Conn's has named Theodore M. Wright its president and CEO, after Wright held both titles on an interim basis since February.

The announcement came as the company announced a third quarter loss of $12.7 million, widening its loss of $4.8 million the same time the year before.

“I am excited about the Company’s progress to date and my opportunity to contribute to its success over the long term," Wright said in a statement. "I have a strong belief in the business model and the value it can deliver to our customers and shareholders.”

Wright replaced Timothy Frank, who resigned as CEO in February.

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