Aaron's (AAN) Appoints Laura N. Bailey, Timothy A. Johnson and Marvonia P. Moore to Board

April 16, 2021 7:04 AM EDT

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The Aaron's Company, Inc. (NYSE: AAN), a leading technology-enabled omnichannel provider of lease-to-own and purchase solutions, today announced the appointment of Laura N. Bailey, Timothy A. Johnson (TJ) and Marvonia P. Moore (Marvy) to its Board of Directors effective on May 3, 2021.

"We are very pleased to have Laura, TJ and Marvy join our Board of Directors and believe their strong backgrounds will be excellent additions to the board as it carries out its oversight responsibilities," said John Robinson, chair of the Aaron's Board of Directors. "We welcome them as we continue to move Aaron's forward and deliver on our mission of enhancing people's lives by providing easy access to great products through affordable lease-to-own options."

Laura N. Bailey

Ms. Bailey held a variety of senior management positions at Capital One Financial Corporation beginning in 2006 until her retirement in April 2021, most recently as Corporate Senior Vice President, Community Impact and Investment. Prior to that she held the position of Corporate Senior Vice President, Community Finance & Community Affairs. Before joining Capital One, Ms. Bailey served in senior management positions at Bank of America Corporation, JP Morgan Chase & Co and Bank United Corporation.

In addition to her extensive professional experience, Ms. Bailey is an active member in the charitable community. She currently serves on the board of the Affordable Housing Tax Credit Coalition. She has previously served as a Trustee for Enterprise Community Partners and on the boards of Capital One Foundation, Community Preservation Development Corporation and Affordable Housing Investors Council.

Ms. Bailey will join the audit committee and the nominating and corporate governance committee.

Timothy A. Johnson

Prior to his retirement, Mr. Johnson held various senior management positions at Big Lots, Inc. from 2000-2019, most recently as Executive Vice President, Chief Financial Officer and Chief Administrative Officer. Prior to that he held positions of Senior Vice President and Chief Financial Officer; Senior Vice President, Finance; Vice President, Strategic Planning and Investor Relations; and Director, Strategic Planning. Prior to joining Big Lots, Mr. Johnson served as Director, Financial Reporting for Limited Brands, Inc. Prior to that, he was a senior audit associate for Coopers and Lybrand.

Mr. Johnson currently serves on the board of DYLN, Inc., FST Logistics, Inc. and LogicSource, Inc. He is also actively involved in charitable causes and currently serves on the board of Marburn Academy and Nationwide Children's Hospital Foundation.

Mr. Johnson will join the audit committee and the compensation committee.

Marvonia P. Moore

Ms. Moore held a variety of senior management positions at AT&T throughout her 37-year career until her retirement in April 2021. Most recently she was Vice President and General Manager for the AT&T portfolio in Georgia and South Carolina. Prior to that she held a variety of positions, including AVP for Market Development, Region Vice President (AT&T Mobility LLC) and Vice President, AT&T Customer Care. During a brief time between AT&T assignments Ms. Moore served as managing partner for a consulting practice and Region Vice President for W.W. Grainger, Inc. Her leadership roles focused extensively on B2B sales, marketing and operations and consumer growth strategies through direct and indirect retail channels.

Ms. Moore served as a director on the corporate board and compensation committee for Minneapolis based Ault, Inc prior to the sale of the company. In addition to her extensive professional experience, Ms. Moore's leadership positions in the Atlanta community include serving on the boards of Atlanta Technical College and Women in Golf Foundation. She previously served on the boards of Morehouse College, Atlanta Workforce Development Agency, Atlanta Partners for Education, Central Atlanta Progress Advisory Board, Georgia 100 Mentor Exchange, AT&T's Management Review Committee's Family Care Development Fund.

Ms. Moore will join the compensation committee and the nominating and corporate governance committee.

"Our board regularly evaluates its composition to ensure it includes the appropriate skills, experience and perspectives necessary to drive growth and oversee the business," said Mr. Robinson. "The addition of these three directors complements our Board of Directors' skills and experiences and we are confident they will provide valuable perspectives."



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