Conn’s, the home-goods retailer based in The Woodlands, Texas, has announced the permanent appointment of Timothy Santo as Chief Financial Officer (CFO). This decision was made following a regulatory filing on Friday.
Santo, who previously held the position of chief accounting officer for Conn’s, had been serving as interim CFO since November 17. The company has stated that he will continue to fulfill his accounting officer duties until a permanent successor is found.
As the new CFO, Santo, 47, will receive an annual base salary of $475,000. Additionally, he will be eligible for an annual target bonus of 50% of his salary.
In the same filing, Conn’s revealed that Chief Executive Norman Miller will have a base salary of $1 million. Furthermore, Miller is eligible for an annual target bonus of up to 150% of his salary.
This strategic move demonstrates Conn’s commitment to maintaining stability and enhancing its financial leadership. With Santo at the helm, the company is well-positioned to drive continued growth and success in the home-goods retail industry.
