April 10 Furniture retailer Rent-A-Center Inc
said on Monday that founder Mark Speese, the company's
interim chief executive, would take on the role full time.
The company, which is under pressure from activist
investment fund Engaged Capital LLC, also said it would take
steps to improve growth and profitability.
These steps include selling more higher-end, aspirational
products and reducing the number of employees in stores, the
Speese, who was Rent-A-Center's CEO from October 2001
through January 2014, was named interim CEO in January this
year, replacing Robert Davis.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by