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ColorTyme Names Tim Hogan VP Operations; 20 Year Vet Helped Develop RTO Concept In Europe
01-19-06
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After Comcoa was bought by Thorn America in 1997, Hogan accepted an offer with Crazy George’s, owned by Thorn United Kingdom, in Scotland to assist in the development of the rent-to-own concept overseas.

ColorTyme named Tim Hogan vice president of operations. Hogan was most recently a divisional vice president for Rentway, supervising 63 stores in Texas.

ColorTyme has hired Tim Hogan as its new vice president of operations during a time of steady growth and franchisee development. Mr. Hogan, who was tapped for his vast experience in store, regional and divisional turnarounds, is well known for progressive operational execution.

“We are confident in Tim’s ability to execute outstanding new business development and operational programs that will support our franchisees,” ColorTyme President and CEO Bob Bloom said. “Equally important, with nearly 20 years in the industry, Tim has as much passion for the business as he does experience and will compliment our seasoned and committed management team.”

Among many senior leadership positions in rent-to-own (RTO) in the last two decades, Mr. Hogan was most recently a divisional vice president for Rentway, supervising 63 stores in Texas. He has a proven track record in training and development, profit improvements, new business development, launching new stores and programs, operations integrations, supply chain management and logistics.

“This is an exciting period of growth for ColorTyme and an extraordinary opportunity to apply my experiences to strengthen our pay day loan and check cashing programs as well as the new custom wheel program,” Hogan said. “I’m honored to join the team.”

Mr. Hogan started his career in rent-to-own in 1986 with Comcoa, a Rent-A-Center franchisee, as an account manager in 1988. He spent 9 years as a zone manager before Comcoa was bought by Thorn America in 1997. After the acquisition, Mr. Hogan accepted an offer with Crazy George’s, owned by Thorn United Kingdom, in Scotland to assist in the development of the rent-to-own concept overseas. Mr. Hogan began there as a market manager and was quickly promoted to regional sales director with 47 stores under his wing.

In 1998, Nomura Investments bought Thorn United Kingdom, and later renamed Crazy George’s to BrightHouse. Hogan was asked to stay and Nomura promoted him to new business development director. In three and a half years, Hogan helped the business grow to 144 stores, more than 75 percent, by introducing key programs including payday loans, check cashing, and a home payment business program that increased rentals by more than $1 million.

In 2003, after three and a half years as new business development director, Mr. Hogan established a national call center that received existing customer references and turned them into prospective leads, with $4.7 million in potential sales. After being promoted to regional sales director, he also served as a member of the BrightHouse Board of Directors, implementing a strategy change and becoming the distribution and service director responsible for directing all primary and secondary distribution, field service, and fleet management for the RTO company.

 

 

 

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