In July last year, Marcato argued that an overhaul of the company could be best achieved in the hands of private owners and had threatened to work to throw out board members up for re-election at the annual meeting in 2018. Speese, who served as CEO for less than a year, departs a little more than two months after Chairman Steven Pepper quit, citing his disagreement with the board's decision to explore strategic options. Private equity firm Vintage Capital offered to buy Rent-A-Center for about $693 million in November.
In July last year, Marcato argued that an overhaul of the company could be best achieved in the hands of private owners and had threatened to work to throw out board members up for re-election at the annual meeting in 2018. Speese, who served as CEO for less than a year, departs a little more than two months after Chairman Steven Pepper quit, citing his disagreement with the board's decision to explore strategic options. Private equity firm Vintage Capital offered to buy Rent-A-Center for about $693 million in November.