FARGO, N.D. — (BUSINESS WIRE)--July 16, 2009 — Titan Machinery Inc. announced today that it has appointed Theodore Wright to its Board of Directors, effective July 16, 2009. With the appointment of Wright, the board now consists of eight board members, including five independent members.
"We are pleased that Theodore Wright has accepted the invitation to join our Board of Directors," said David Meyer, Titan Machinery's chairman and CEO. "We welcome his financial knowledge, prior dealership experience, and his deep industry understanding. As the former president and CFO of a Fortune 300 public company, we believe his insight and overall business experience will be instrumental as we continue to strategically grow our business."
Wright served as president of Sonic Automotive Inc., a New York Stock Exchange listed and Fortune 300 automotive retailer, from 2002 to 2004, and he served as CFO at Sonic Automotive from its formation in 1997 to 2002. From 1997 to 2004, Sonic Automotive acquired and integrated into its operations over 150 automotive dealerships.
During his tenure at Sonic Automotive, he was a member of its Board of Directors. From 1995 to 1997, Wright was a senior manager in Deloitte & Touche LLP's Columbia, S.C., office. From 1994 to 1995, he was a senior manager in Deloitte & Touche LLP's National Office Accounting Research and SEC Services Department. He currently serves on the Board of Directors of Conn's Inc (NASDAQ:CONN), a specialty retailer of home appliances, consumer electronics, computers, furniture and mattresses, and lawn and garden products. As a Conn's Inc Board of Director, he serves on Conn's Compensation Committee and is Chairman of their Audit Committee. Wright is the principal owner of a construction and agricultural equipment rental business, and he owns and operates a farm and ranch on 11,500 acres in Central Montana. He received a B.A. from Davidson College.
Source: Titan Machinery Inc.