Aaron's appoints interim CEO

Lease-to-own retailer Aaron's announced the appointment of Executive VP and Chief Financial Officer Gilbert Danielson to the position of CEO, effective after the retirement of CEO Ronald Allen on Aug. 31.

Danielson will retain his responsibilities as CFO while he fills the interim role. He will not be a candidate for a permanent position as CEO.

The Aaron's board announced the search for a new CEO when current CEO Ronald Allen announced his plans to leave the company in early August. The search involves an ongoing review of internal and external candidates.

"We are fortunate to have such a seasoned executive in Gil to step into this role on an interim basis while the board continues its search process," said Ray Robinson, chairman of Aaron's board of directors. "Having served as the company's CFO for more than 24 years, we are more confident in Gil's abilities to lead Aaron's during this period and ensure a smooth leadership transition for the benefit of all our stakeholders."

Danielson has acted as Aaron's CFO since 1990 and began his role as executive VP in 1998.  Press Release