The stock of Rent-A-Center Inc (NASDAQ:RCII) closed at $11.08 losing 1.07% in yesterday’s trading session. Ross Beaton is the new Vice President of Real Estate and that was after the company promoted him from his earlier position where he was serving in the capacity of a Senior Director.
In his new role, Beaton will be overseeing the management as well as the development of the department which includes real estate, market planning, lease administration, geographic information systems, construction, design and facilities.
It was back in 2001 when the official moved into Rent-A-Center and in 2014 he was assigned a leadership role in the business development segment. The department gained pretty much from his able leadership. It adopted a series of the data-driven processes which went along way in helping deliver outstanding annual cost savings via numerous program enhancements and the other thing was the improvement of the real estate strategy.
Chris Korst, who is the Executive Vice President and Chief Administrative Officer attested to the fact that indeed Ross had turned out to be a rather valuable asset to them helping the company make tremendous steps forward. He went further to outline that with his sound judgment and leadership the department would achieve its set goal of constantly delivering positive results.
Before joining Rent-A-Center, Beaton is said to have worked at FedEx Office where he was spearheading international business development and his work spoke for itself. His competence was been closely attributed to his academic background. The official attended the United States Naval Academy in Annapolis, Maryland where he graduated with a Bachelor of Science degree. He later on proceeded with his education to obtain a Master of Science in Engineering Management and that was from the renowned Catholic University of America.
One of the board members said, “A rent-to-own industry leader, Plano, Texas-based, Rent-A-Center, Inc., is focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality, durable products under flexible rental purchase agreements with no long-term obligation.”
Beaton was happy with his new position and promised to do his level best towards helping the company progress.