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Former MasterCard CEO Gene Lockhart joins Aaron’s board

ATLANTA — Gene Lockhart, the former president and CEO of MasterCard Worldwide, has joined the Aaron’s Inc. board of directors, the rent-to-own merchant announced.

Lockhart is replacing John Schuerholz, president of the Atlanta Braves baseball team, who is retiring after eight years of service.

Lockhart had been a board member and investor in Progressive Finance, which Aaron’s recently acquired.

“Gene has tremendous experience as an innovator in the financial services industries, where he promoted changes that benefit consumers,” said Ray Robinson, chairman of Aaron’s board. “We are delighted that he has agreed to join the Aaron’s board and believe his contributions as a director will be invaluable to the company during this transformative period.”

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