Conn's appoints Timothy Santo as permanent CFO
Conn's, the home-goods retailer based in The Woodlands, Texas, has announced that Timothy Santo will be the company's permanent Chief Financial Officer (CFO), according to a regulatory filing released on Friday.
Santo, who has been serving as the interim CFO since November 17, previously held the position of chief accounting officer for Conn's. He will continue to carry out accounting officer duties until a permanent successor is found.
As per the filing, the 47-year-old Santo will receive an annual base salary of $475,000 in his new role, along with an annual target bonus equal to 50% of his salary. In the same document, it was revealed that Chief Executive Norman Miller will have a base salary of $1 million, with a potential annual bonus of up to 150% of his salary.
This announcement solidifies Santo's position within the company and highlights Conn's commitment to a strong leadership team. As the new permanent CFO, Santo will play a crucial role in guiding the financial strategies and decisions of the home-goods retailer.
Analyst comment
Positive news. Timothy Santo’s permanent role as CFO indicates stability and confidence in the company’s financial management. Market is likely to respond positively with increased investor trust and potential growth.
