Atlanta -- Aaron's announced that R. Charles Loudemilk, Sr., chairman of the board of directors, will retire mid-September after founding and building Aaron's, which in now in its 57th year of operation.
Upon his retirement, Loudermilk will become chairman emeritus of the company.
"I started Aaron's in 1955 renting chairs for 10 cents a piece," Loudermilk said. "I never dreamed that Aaron's would grow into a publicly traded company employing more than 11,000 people and serving millions of Americans. Though it was one of the most difficult decisions I have ever made, the time has come for me to leave the company and focus on personal endeavors that bring me joy.”