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 While
losing Bill is disappointing, we understand his desire to
accept new challenges and we wish him all the best in his
new job
William Short, President, Rent-Way
Rent-Way Inc. (RWY) announced that William A.
McDonnell, Rent-Way's Senior Vice President and Chief Financial
Officer, has resigned and will be departing the company,
effective December 30. Mr. McDonnell has accepted a position as
CFO with a privately held company based in the South. John
Lombardi, the company's current Vice President, Controller and
Chief Accounting Officer, will serve as interim Chief Financial
Officer.
"While losing Bill is disappointing, we understand his desire to
accept new challenges and we wish him all the best in his new
job," commented William Short, Rent-Way's President. "Bill has
been an integral part of our company over the past six years and
will be greatly missed," concluded Mr. Short.
The company will begin a search for Mr. McDonnell's replacement
immediately.
Rent Way will host a conference call in connection with
release of financial results for its 2005 fourth quarter and
full fiscal year. The call will take place at 4:30 p.m. (EST) on
Tuesday, December 13, 2005. Audio of the call will be
broadcast live. A link to the live webcast will be available from
My RTO
Portfolio.
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